Monday, 2 September 2013

Corruption Crackdown Continues

Jiang Jiemin is being investigated for corruption related to his time at CNPC
After the shocking announcement that former security czar Zhou Yongkang was being investigated, one of his proteges Jiang Jiemin is is being probed for "serious discipline violations", in other words, corruption.

Jiang is a director of the state-owned Assets Supervision and Administration Commission and former chairman of the country's largest oil company, China National Petroleum Corporation (CNPC).

The 58-year-old was just appointed to the cabinet-level position in March.

It is believed the investigation into Jiang is to mine for information to be used against Zhou.

There are questions of why Jiang was elevated to the SASAC post when there were concerns about CNPC's role in trying to cover up the crash of a Ferrari on March 18 last year.

A $1million black Ferrari lost control on Beijing's North Third Ring Road and slammed into a wall. The driver, who died instantly, was Ling Gu, the only son of Ling Jihua, then chief of staff to then President Hu Jintao. He was in the car half naked, while two other women, one naked, the other half clothed succumbed to their injuries.

Ling Gu's Ferrari split into two after a crash in Beijing
Jiang raised eyebrows when he transferred tens of millions of yuan from CNPC to the families of the two women who were subsequently killed in the crash. Last year Jiang was questioned about this, why money from a state-owned company was funneled to two families, which he (as far as we know) had no relationship with.

But in the coming weeks and months, we will get to know more, as the infighting within the Party continues revealing more dirty details.

Bo Xilai's trial and now the investigations into Zhou Yongkang and Jiang Jiemin reveal how the patronage of senior officials is crucial in fast-tracking one's career, but if your mentor falls politically on the wrong side of the tracks, you can be eternally doomed with them.

No comments:

Post a Comment