From Keralanext.com
The Chinese government will improve the supervision of senior executives in the banking and financial sectors to prevent corruption, a senior official of the Communist Party of China (CPC) said in Beijing on Friday.
“Supervision of senior executives, especially the leadership and key officials, must be tightened so as to prevent power abuse, wrong decision-making and improper conduct,” said He Yong, deputy secretary of the CPC Central Commission for Discipline Inspection (CCDI).
During an inspection tour of the People’s Bank of China, the central bank, He said penalties for those involved in irregular or illegal operations would be harsher to “increase the cost and risk of corrupt behavior.”[Full Text]
