China's new leaders exert control over oil company
BEIJING (AP) - China's new leaders are asserting their authority over the country's oil giant with a corruption investigation that has netted five former and current top oil executives, including the latest - the former chairman of the company.
The Ministry of Supervision on Sunday announced an investigation into Jiang Jiemin, former chairman of the country's biggest oil company, China National Petroleum Corp. It's the latest high-profile corruption case since China's new leader Xi Jinping took power in November with promises to fight corruption that fuels public anger.
The investigation into Mr Jiang, who was named in March to head the Cabinet commission that runs state companies, comes after similar probes were announced over the past week into four executives at CNPC.
News reports also say China's top leaders have taken the unusual step of endorsing a corruption investigation into Mr Zhou Yongkang, a former security czar and CNPC general manager with a power base in the oil industry. It would be the first time in decades that a current or retired member of the ruling Communist Party's inner circle of power, the Standing Committee, faced such action.