Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Chinese companies under investigation over U.S. bribes
+ -
17:14, August 24, 2009

 Related News
 SASAC to conduct investigations into CCI's bribery case
 National nuclear program chief facing investigation
 China revises rules on foreign M&A of Chinese companies
 Chinese,Swedish companies sign trade agreements - special
 Chinese listed companies net profit up 450% in Q1
 Comment  Tell A Friend
 Print Format  Save Article
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



  Your Message:   Most Commented:
Being African among the curious Chinese
Australia's permission for Rebiya's visit chills bilateral ties
Three Beijingers jailed in US. Spies again?
What does China contribute to the world?
25-year-old Norwegian singer, Michael Jackson's 4th son?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90857/90860/6737911.pdf