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The petrochemical giant was exposed to be involved in the bribery case of American companies

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the bribery case of American control components, which has been silent for nearly a year, has made waves again

a recent document obtained from the U.S. Department of justice showed that 19 domestic enterprises were involved in the case, and more than 10 large central enterprises or their subordinate enterprises alone. The document also disclosed in detail the amount of bribes involved by each company and the list of specific bribe takers. The document obtained came from an email from the U.S. prosecutor supervising the case, and the U.S. Department of justice has confirmed the authenticity of this email

the bribery case of American control components was first reported by domestic media in July 2009. At that time, documents from the U.S. Department of justice showed that six Chinese companies were also on the CCI bribery list, namely, China National Petroleum Corporation, China National Offshore Oil Corporation, Jiangsu Nuclear Power Co., Ltd., Guohua Energy Co., Ltd., China Petroleum Materials and Equipment Co., Ltd., and Dongfang Electric Co., Ltd. However, Guohua Energy later clarified that it had no business dealings with CCI

after more than a year of investigation and litigation, the main trial of the bribery case of American control components has ended, but some executives of the company have not been brought to justice. The latest development is that on July 2, flavioricotti, a former executive of the US controlled components company, was extradited from Germany to the United States for trial

since the case was exposed last year, the SASAC said that a special investigation team had been established to investigate the matter and was paying close attention to the progress of the investigation, but the investigation results were not released to the public at present

the list of companies involved in the case was exposed

documents show that many large state-owned enterprises in China are involved in CCI bribery cases

the specific list of enterprises involved are: CNOOC, PetroChina [PetroChina (, China Petroleum Materials and equipment company], Shenhua Group (Guohua Power, Shenhua international trade), Sinopec, SDIC power, Huaneng Group [Huaneng International], Datang Group [Datang Power], Guiguan power, China Resources Group [China Resources Power], China Nuclear Power Group, China Guangdong Nuclear Power Group (Shenzhen Mawan Power Plant), China Power Engineering Consulting Group (its Central South Power Design Institute) AVIC [Chengdu Aircraft Industry (Group)], China Railway Construction Corporation (China Civil Engineering Group), China Machinery Industry Corporation (China National Machinery and equipment import and Export Corporation), Jiangsu Nuclear Power Co., Ltd., Zhejiang natural gas company, Sichuan Chemical Plant press the "reset" key

some of them cannot be directly confirmed through documents, such as Dongfang, langfangpowerdesigninstitute, ningxiapower, harbinpower ZhejiangElectricPower,ChinaGuodian,ErdosElectricPower。

cci bribery was concentrated around 2004, and the largest single amount of bribery was $3.48 million to Dongfang in

they offer bribes in various ways, including traveling abroad and supporting their children to go to school

in the 2009 report, it was mentioned that Guohua Energy was also involved, but according to the available documents, Guohua Energy should be misreading, and the correct one should be Guohua Power, which is also Shenhua Group. Guohua Energy has also made clarifications on this

according to relevant information, Shenhua Beijing Guohua Power Co., Ltd. was established on March 11, 1999. As a wholly-owned subsidiary of Shenhua Group Co., Ltd., it is fully responsible for the operation and management of the group's power business

on February 25th, 2005, according to the restructuring plan of the group, most of the assets of the power sector were injected into listed companies, and China Shenhua Energy Co., Ltd. Guohua Power Branch was established to uniformly manage the power assets included in the listing scope

the document shows that there are also a number of suspected executives of large domestic state-owned enterprises involved

as mentioned in the document, qinrui (sonofqingdingguoandshali) of Guohua Power received a total of $77519 in bribes on October 21, 2003 and 2004, and qingdingguo was close to an executive

CCI made a profit of $46.5 million by bribery

the bribery case of American control component company was first reported by domestic media last July

according to the investigation of the U.S. Department of justice, controlcomponentsinc., headquartered in Orange County, California From 2003 to 2007, he bribed about 236 times in more than 30 countries, resulting in a huge profit of about $46.5 million, many of which bribed well-known domestic state-owned enterprises

American control components company mainly designs and produces control valves for nuclear power industry, oil and gas industry and power generation industry. The company has four manufacturing plants worldwide and a technology center in the UK

according to the announcement of the U.S. Department of justice, since 1998, U.S. controlled component companies have obtained sales contracts by systematically bribing U.S. private enterprises and government officials of other countries, as well as employees of state-owned enterprises and private enterprises

not only the company itself, but also several executives, including a Chinese American, were prosecuted by the Ministry of justice, including former CEO Stuart Carson and his Chinese American wife Hong (Ross) Carson. The Chinese woman was the company's sales director in China and Chinese Mainland Taiwan

on July 31, 2009, at the Santa Ana District Court in central California, American control components admitted three criminal charges against it to the judge and agreed to pay a criminal fine of $18.2 million

according to the plea agreement, the U.S. controlled component company paid about $4.9 million in bribes to officials of various foreign state-owned enterprises in violation of the overseas anti corruption act, and about $1.95 million in bribes to executives and employees of private enterprises at home and abroad in violation of the travel act. In addition to the above-mentioned Chinese companies, South Korea's water conservancy and nuclear power company, Malaysia's national oil company and the National Petroleum Engineering Company of the United Arab Emirates were also accused of accepting bribes

however, the domestic enterprises involved in the case reacted differently

in mid August 2009, CNOOC said that "the results showed that no employees took bribes". It said that after the U.S. Department of justice informed the matter, CNOOC organized five investigation teams to conduct a comprehensive investigation on the business dealings with CCI and its agents in the whole system in the past eight years. The investigation showed that during this period, 11 units (projects) of CNOOC had business contacts with CCI and its agents, but no violations were found in all links

CNOOC also said that the head office had asked CCI to assist in the investigation of this matter. IMI, the parent company of CCI, officially replied on June 22, 2009, pointing out that the external lawyer of IMI had informed the US Department of justice that these payees were not employees of CNOOC, but former CCI employees or their relatives and friends. "It is most likely that these former CCI employees and their associates embezzled the money." IMI company told CNOOC, "there is no evidence that the money really came into the hands of CNOOC employees."

in addition, China Resources Power also issued a statement saying that it had known about this matter since February 2009 and had investigated its subordinate enterprises. A total of three of its enterprises were involved in transactions with American control component companies, but there was no evidence to prove that American control component companies had bribed China Resources Power

cc also has some applicable effects. I reconciled the Bureau.

interestingly, the investigation of the US control component company originated from the internal investigation of its parent company IMI. According to the documents available, IMI decided to investigate the US control component company due to reports from insiders of the US control component company

after investigating the bribery, IMI reached a settlement agreement with the U.S. Department of Justice: pay a criminal fine of $18.2 million; Establish, implement and maintain a comprehensive anti bribery compliance project; Maintain an independent three-year compliance monitoring plan to review the design and implementation of its anti bribery compliance project, and make regular reports on this project to the Ministry of justice; Accept a three-year organized review period; Agreed to continue to cooperate with the Ministry of justice on the ongoing investigation

through the settlement agreement, the U.S. Department of justice only punished the executives involved in the case of the U.S. control component company, making IMI preserve the U.S. control component company

according to insiders, under the U.S. legal framework, companies can effectively avoid greater losses by actively conducting bribery investigations and settling with the U.S. government

the main law of the United States for companies' overseas bribery is the overseas anti corruption act, also known as the overseas anti bribery act. Famous cases of violating this Law include the prosecution of fidelity National Finance Corporation in the United States in 2005 on suspicion of bribery of former CCB president Zhang Enzhao, the payment of a fine of $2.5 million by Lucent for inviting Chinese officials to visit the United States for sightseeing in 2007, and 200 views from Haitong Securities that Siemens was accused of overseas bribery in eight years and agreed to pay a huge fine of $800million

in fact, most countries in Europe and the United States have established a relatively sound legal system for corporate bribery. The most famous case of corporate bribery in China recently is the Huang Guangyu case. In the judgment of Huang Guangyu, the crime of corporate bribery was among them. However, in addition, the punishment of bribery by companies is rarely seen in China

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