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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Opinion LineEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsTalk from streetDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPSenior executive responsible for clarifying how he paid for properties(China Daily) Updated:2016-05-25 07:44Comments Print Mail Large Medium SmallA senior executive of huolinhe Coal Corporation, based in the Inner Mongolia autonomous region in North China, is reported to have bought 41 apartments for 12.80 million yuan ($1.95 million), which far exceeds his legal income. He has responded by saying his family has 11 companies and he paid for the properties with the profits from these companies. Since he is a senior executive of a State-owned enterprise, more details are needed to prove he is clean, says China Youth Daily:Even if what he said is true, more evidence is needed to prove he is clean. Regulations prohibit senior executives of State-owned companies from running businesses related to their jobs or providing business for the companies of family members.
Like their colleagues in government departments, SOE officials belong to the bureaucratic system as well, and they are responsible for reporting the businesses of their family members to the authorities. Thats necessary because these businesses are related to public interests and should be put under public supervision.
Since the anti-graft campaign was launched in 2012, the inspection teams have found a common problem with SOEs, namely family members of senior executives opening companies and profiting from “doing business” with the SOEs. Thats corruption plus money laundering and the ongoing anti-corruption campaign is aimed at rooting out such kind of corruption.
We do not mean that the executive and his family are necessarily corrupt. The problem is, there are reports about his possible illicit deeds and local authorities need to investigate. His response is pale because he fails to mention the key problem, the relationship between the businesses of his family and the SOE, in which he is a senior manager.
In practice, the disciplinary departments of many provinces and cities disclose the property of the officials that are reported to be illicit. Thats a good start and we hope Inner Mongolia does the same.0Related StoriesAntigraft campaign starts in Chinas art and literature circles: Peng DanChinas top antigraft commission to meetChinas top security official calls for concerted anti-terror effortsSupply-side reform push wins support from officialMost Viewed Todays Top NewsTime to break free of protectionist shacklesAllow space for students to discover themselvesPhilippines arbitration case built on false pretextFunding global public goods for worlds recoveryTsai stepping toward cross-Straits troubleForum TrendsTips to manage stress when studying abroadWhy are Chinese students heading to the US?Should investment lessons be mandatory?How can doctors and patients regain trust?Are women-only buses discriminatory?Do student evaluations measure teaching effectiveness?What annoys you most while traveling in China?ColumnistsTrumps willingness to talk to the DPRK is the right approachFestival drama peels layers of character who isnt thereFeatured ContributorsTurnball highlights China-Australia FTA as a valuable assetBloody curtain rising to greet US first-ever presidentStar BloggersMy best friend in China: 35th anniversary of China Daily By subeChina Daily is like a friend who stays with me in every mood in my life. If I am happy, I can write a blog and if I am upset, I can enjoy what others have said and let my feelings go away.China Daily, 35 years on: my memories By aixiI first discovered China Daily a few years ago. It was my first visit to China, and I was waiting for my tour guide to arrive.My vision for a smog-free China By eddieturksonI’ve lived in China for quite a considerable time including my graduate school years, travelled and worked in a few cities and still choose my destination taking into consideration the density of smog or PM2.5 particulate matter in the region.SpecialChina Daily, 35 years on: your memoriesPositive energy Leifeng laowai story2016 Happy Chinese New Year…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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