An official from State-owned Assets Supervision and Administration Commission (SASAC) of the State Council made its first response to the case of American Control Components Inc. (CCI) bribing Chinese enterprises by saying that SASAC attached great importance to the event, and had set up a special team to investigate.
The official also pointed out that the investigation will be conducted properly and effectively.
SASAC has deployed disciplinary officers from related enterprises to investigate, and required them to report the results as soon as possible. Probes have also begun in related enterprises.
Recently, the U.S. Department of Justice website released a list of suspected enterprises in the bribery case. Nine enterprises from China such as China National Petroleum Corporation, China National Offshore Oil Corporation, Datang Power etc. appear on the list of suspected companies. After this happened, China National Offshore Oil Corporation, Dongfang Electric and Guohua Electric Power denied accepting bribes.
The U.S. Department of Justice stated that from 2003 to 2007, CCI did bribe foreign companies for commercial contracts. Till now, the amount of CCI’s bribery has reached 6.85 million U.S. dollars, involving 36 countries and regions, including China.
CCI has been convicted and fined about 18 million U.S. dollars. The U.S. prosecutor is suing 8 ex-senior executives. Two of them have pleaded guilty.
By People's Daily Online