China graft probe 'to focus on oil firm': media

The inquiry into the highest-ranking Chinese official to be investigated for graft in a current crackdown will focus on an oil firm he headed linked to other senior figures, state-run media said Monday.

Jiang Jiemin worked for decades in China's petroleum industry, rising to become chairman of state-owned China National Petroleum Corp, the country's biggest oil producer.

The China Daily quoted a source close to the firm as saying the investigation was "related to alleged graft when he was head of the company," possibly tied to oilfield contracts and "ill-gotten payouts".

Another former top CNPC official, Zhou Yongkang, who went on to become China's security tsar and a member of its highest-ruling body, the Politburo Standing Committee (PSC), is also to face a corruption inquiry, the Hong Kong-based South China Morning Post newspaper reported last week citing unspecified sources.

If confirmed, Zhou -- who retired from the PSC in a leadership transition last year -- would be the most senior official investigated in China for decades.

Rumours about the possibility have swirled for months as senior figures from CNPC, which Zhou headed from 1996 to 1998, and the southwest province of Sichuan, which he ran from 1999 to 2002, have come under investigation.

Four senior CNPC executives are already being investigated, officials said last week.

Jiang is the first member of the ruling Communist Party's current 205-person Central Committee to face investigation, the China Daily said.

In his most recent post Jiang headed the State-owned Assets Supervision and Administration Commission, which oversees China's many powerful state-owned enterprises.

President Xi Jinping has warned corruption could destroy the party and threatened to expose high-ranking officials, or "tigers", along with low-level "flies".

A raft of officials have since come under investigation for alleged corruption, including Liu Tienan, former deputy director of the influential National Development and Reform Commission.

Li Chuncheng, who became mayor of Sichuan's capital Chengdu during Zhou's time in the province, lost his post in December for "serious violations of discipline", which generally refers to corruption.

Bo Xilai, who sat on the Communist Party's 25-member Politburo and whose spectacular trial for bribery and other charges ended last week, is also reported to be an ally of Zhou.

There are deep factional divisions within the party but the state-run Global Times trumpeted the Jiang inquiry in a commentary, saying "it reinforces public confidence in the country's system for netting criminals".

  • Nissan tests self-cleaning paint that could make car washes obsolete 49 minutes ago
    Nissan tests self-cleaning paint that could make car washes obsolete

    During this vile, never-ending winter, motorists had three options to keep their cars clean: Shell out on regular car washes; slave away in the cold, wind and snow washing it yourself, or screw it and just drive a dirty car. I, like many, chose the last option. But if only I'd been able to test Nissan's self-cleaning car, all my troubles would have washed away.

  • Popular hot yoga myths debunked 7 hours ago
    Popular hot yoga myths debunked

    What’s the hottest new workout taking the world by storm? That would be hot yoga, also known as Bikram yoga. Conducted in a heated room with sweltering temperatures of about 40°C (or approximately 104° Fahrenheit) and 40 per cent humidity, … Continue reading →

  • Thursday #sgroundup: Body found of boy who made first call from Korea ferry: report 8 hours ago
    Thursday #sgroundup: Body found of boy who made first call from Korea ferry: report

    Here are today’s top trending stories in case you missed them.

  • Photo of a very thin Lee Kuan Yew sparks concern
    Photo of a very thin Lee Kuan Yew sparks concern

    A new picture of Singapore's first prime minister, Lee Kuan Yew, who is now 90 years old, has drawn concern from people on Singapore's internet space.

  • Waste oil collector struggles after STOMP posts, receives help from kind souls
    Waste oil collector struggles after STOMP posts, receives help from kind souls

    After being photographed at work in Jurong pooling used oil near coffee shops, 50-year-old Valerie Sim has been struggling to keep her family afloat. Web portals STOMP and The Real Singapore published pictures of her in February, triggering a witch hunt for others like her and comments from readers like “Who knows if they’ll use it as cooking oil?” Some readers also said they filed police reports against her and other people they believed were doing the same thing she was.

  • I tendered my resignation without securing the next job. Here’s why I don’t mind.
    I tendered my resignation without securing the next job. Here’s why I don’t mind.

    I have committed a taboo – I have tendered my resignation without securing the next job. The reactions to the announcement were varied but they all pretty much hint at a deep sense of disapproval. “Why did you do that?” It was as if I had renounced my faith. “What are you going to do from now on?” Almost as though a misfortune had incapacitated me. “What does your family have to say about it?” As if I had offered to cook for the next family dinner. I was, and still am, certain of my reasons and motivations for the resignation. However the response I received got me thinking about why people are so concerned about the gaps in their careers. The developed world evolved from an agricultural economy to an industrial economy to the service age, then to the knowledge economy in the late 1990s and 2000s marked by breakthroughs in technological innovations and competition for innovation with new products and processes that develop from the research community. According to The Work Foundation, the knowledge economy is driven by the demand for higher value added goods and services created by more sophisticated, more discerning, and better educated consumers and ... The post I tendered my resignation without securing the next job. Here’s why I don’t mind. appeared first on Vulcan Post.