China anti-graft body vows crackdown on finance sector corruption

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China anti-graft body vows crackdown on finance sector corruption
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It vowed to “seriously punish ... corrupt elements” in “resource-rich, capital-intensive areas”. Read more at straitstimes.com.

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BEIJING - China’s top graft-busting body on Thursday vowed to “resolutely” crack down on corruption in the financial sector, days after a well-known Chinese dealmaker became the latest business executive to go missing without explanation.

“We must resolutely investigate and deal with corruption where political and economic issues are intertwined, resolutely prevent leading cadres from becoming spokesmen and agents for interest groups and powerful groups, and resolutely prevent political-business collusion,” it said. CCDI corruption probes in recent years felled government and Communist Party officials, including in the police and the judiciary.It was the latest in a series of cases of high-profile Chinese executives toThe commission is extremely powerful and operates above state oversight.

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