Wang Jinhua, former chairman of China Coal Technology & Engineering Group, has been expelled from the Communist Party of China and removed from public office for alleged graft issues.

A luxury item and a popular gift, the liquor has also been featured in graft probes.

Lai Xiaomin, former chairman of China Huarong Asset Management, was expelled from the Communist Party of China and removed from public office for alleged graft issues, according to the CPC Central Commission for Discipline Inspection on Monday.

"We would graft overseas technologies and distribution channels to China's huge market if we acquire the right companies," said Zhang.

Stamping out "graft" has become a major priority for businesses here in the past two years, according to Emmanuel Vignal, head of Fraud Investigation & Dispute Services Department at EY in China.

Zhong Xue, a compliance professional with the Shanghai Pudong Development Bank, felt stamping out "graft" had become a major priority for business.

Yao Gang, former vice-chair of the China Securities Regulatory Commission, was sentenced to 18 years and fined 11 million yuan for graft by Handan Intermediate People's Court on Friday, cctv.

The term normally refers to graft.

Corruption affecting the daily life of people and cross-border graft cases will be resolutely addressed, it said.

A draft amendment to the Criminal Law — mainly concerning penalties for bribe and graft in private firms — will be improved following its first review by national lawmakers, an official from China's top legislature said.

A statement posted by the CCDI on April 26 showed that the fight against corruption in SOEs has been a priority since 2020, signaling that inspections and the combat of graft would remain priorities.

Wang Dawei, former vice-governor of Liaoning province and former party chief and director of the Department of Public Security of Liaoning province, was indicted for graft by the People's Procuratorate of Xiangyang, Hubei province, according to a statement by the Supreme People's Procuratorate issued on Sunday.

In one case, the Shanxi Provincial People's Procuratorate carried out a special investigation into graft involving grain purchases and marketing in the province.

The province has launched a campaign to combat graft in the grain purchasing and sales sector, where offenses committed by corrupt officials are hard to identify.