China's Sinopec urges tightening of corruption laws
Friday 26 March 2010
Chinese refinery giant Sinopec is urging the Beijing government to tighten corruption laws and “severely punish” lawbreaking foreign businesses.
The call came alongside an admission that an employee had been dismissed by the company in 2004, and subsequently sent to prison, for taking bribes from Daimler, the German car company currently under investigation for widespread overseas corruption by the US authorities.
“We urge and hope the government will effectively exert its jurisdiction and severely punish those multinationals and merchants audaciously challenging Chinese laws,” Sinopec said in a statement today.
The Daimler case under investigation in the US covers tens of millions of dollars-worth of payments to government officials in 22 countries in the decade to 2008. After a five-year investigation the proposed settlement - not yet confirmed by a judge – will include the company paying a $185m settlement and two subsidiaries pleading guilty
Daimler is not the only high-profile corruption case involving China at the moment. A Shanghai court is set to rule on Monday in the case of four Rio Tinto employees accused of bribery and espionage. Stern Hu, an Australian national, and two other Chinese defendants admitted at the start of last week that they had taken bribes from Chinese steel mills during negotiations over iron ore prices. The four – who were first detailed last July - face prison sentences of up to five years if found guilty, although some analysts suggest that the guilty pleas may be part of a plea bargain.
- 1 'Kidnapped boy may have been abused and murdered by VIP paedophile ring,' say police
- 2 Ridley Scott on Exodus, Gods and Kings casting: 'I'm not going to get it financed if my lead actor is Mohammad so-and-so from such-and-such'
- 3 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 4 This letter from a reader explains why women can’t play football
- 5 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Miss Honduras Maria Jose Alvarado's stylist Luis Alfredo Garcia is found stabbed to death
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Scientists predict green energy revolution after incredible new graphene discoveries
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£6000 - £60000 per annum + Bonus and Benefits: Ampersand Consulting LLP: UI De...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
Negotiable: h2 Recruit Ltd: A rapidly expanding, global Software/ SaaS Vendor ...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...