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Corruption charges filed against SOE executives

(China Daily/Xinhua)
Updated: 2010-01-06 07:45
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Thirty-five senior executives of large State-owned enterprises (SOEs) faced corruption charges last year.

A report by Faren Magazine, affiliated with the Legal Daily and overseen by the Ministry of Justice, examined 95 serious criminal cases against executives of both State and private companies last year.

Thirty-one of the executives were found to be involved in cases involving an average of 110 million yuan ($16 million).

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Of those, 28 were charged with taking bribes, 16 with embezzlement and eight with misappropriation of public funds, the report said.

The only case still under investigation is that of Kang Rixin, removed in August as Party secretary and general manager of the State-owned China National Nuclear Corporation.

He also served as a member of the Central Commission for Discipline Inspection of the Communist Party of China, the Party's internal anti-graft body.