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China solves 76 commercial bribery cases in state-owned enterprises |
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22:01, July 12, 2007 |
China has solved 76 commercial bribery cases related to large state-owned enterprises in an intensive inspection campaign, with about 18 million yuan (2.4 million U.S. dollars) involved, according to the country''''s state-owned assets watchdog.
Sixty-six people have been given criminal punishments and 28 administrative penalties, said the State-owned Assets Supervision and Administration Commission of the State Council.
The cases came to light after the commission ordered large state-owned enterprises to carry out self-inspection of commercial bribery between April and December last year.
Commercial bribery usually refers to bribes offered by companies to government officials or state-owned enterprises in exchange for special favors.
The campaign mainly targeted property right transfer, construction projects and material and equipment procurement, the commission said.
Property right transfer has been a major target in the fight against commercial bribery among state-owned enterprises in China.
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