China’s anti-graft watchdog has placed the president of Asia’s largest crude oil refiner, the state-owned Sinopec Group, under investigation, according to local media.
The Central Commission for Discipline Inspection announced on its website that Wang Tianpu was being investigated for suspected “serious disciplinary violations” — a euphemism for corruption.
It did not provide further details, the China Daily reported, also citing a statement by the board of Sinopec expressing support for the central government’s decision.
“The company will make anti-corruption a priority task and make efforts to keep production and operations stable,” it said.
Wang, 52, was appointed president of Sinopec in August 2011.
He received a major demerit – an administrative sanction – on his record in Jan. 2014 after an explosion at a Sinopec pipeline the previous November left 62 people dead in eastern Shandong province.
The blast led to a financial loss of 750 million yuan ($122.6 million).
Since its launch in 2013, President Xi Jinping’s anti-corruption campaign has investigated tens of thousands of suspects, including dozens of high-profile individuals at the top of the Communist Party. (Anadolu Ajansi)