China insurance executive under investigation for graft

[JURIST] China's Central Commission for Discipline Inspection on Sunday announced plans to investigate Dai Chunning, deputy general manager of the state-owned China Export and Credit Insurance Corporation (Sinosure) [official website]. According to media sources the investigation stems from Chunning's alleged connection with an undisclosed "serious discipline violation" [South China Morning Post report] that involves graft. Sinosure is a state-funded "policy-oriented" insurance company that seeks to promote Chinese exports of goods, technologies and services. Chinese authorities reportedly uncovered a graft scandal at Sinosure in 2009 involving allegations that a high-level executive accepted bribes.

The Chinese government has worked in recent years to reform its judicial system and combat corruption. In September the Chinese Ministry of Supervision announced plans to investigate [JURIST report] Jiang Jiemin, director of the State-owned Assets Supervision and Administration Commission. In July China's former Communist Party leader Bo Xilai was formally charged [JURIST report] with corruption, embezzlement and abuse of power. Also in July Chinese activist and lawyer Xu Zhiyong was arrested [JURIST report] by Chinese authorities on suspicion of having "gathered crowds to disrupt public order." In March 2012 the President and Chief Justice of China's Supreme People's Court (SPC) told the National People's Congress (NPC) that the country must continue to implement legal reform [JURIST report] to combat corruption and foster social and economic growth. A former Chinese corruption official was executed [JURIST report] in December 2010 for accepting more than 4.7 million USD in bribes. China's chief administrative authority, the State Council, released a report [JURIST report] in December 2010 outlining steps to fight corruption and build a cleaner government.

 

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