Mar 24, 2023 04:15 AM

BUSINESS

Anti-Graft Crackdown Ensnares State Energy Giants

By Luo Guoping and Han Wei

Power transmission lines hang from electricity pylons in a neighborhood in Beijing

Power transmission lines hang from electricity pylons in a neighborhood in Beijing

An anti-corruption crackdown is rattling China’s energy sector as five executives from several industry giants backed by the central government fell under graft investigation.

The Communist Party’s top graft buster, the Central Commission for Discipline Inspection (CCDI), unveiled a series of investigations Wednesday targeting senior managers at centrally owned state enterprises, including five from the energy sector.

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