SOEs under graft spotlight

Weak supervision and a desire for benefits can prompt senior managers to abuse their power

Lack of supervision and a strong desire for benefits were blamed for rampant graft cases involving senior managers in major State-owned companies, according to the Central Commission for Discipline Inspection.

In early December, inspectors visited eight SOEs, including China Unicom, Shenhua Group, Dongfeng Motor Corp, China State Ship Building Corp and China Huadian Corp, to collect valuable tips involving corrupt officials.