Guang
Recommended reading: U.S. control components CCI bribery power enterprises in China
Guang-Yuan Mar: Ph.D. in Economics, a senior lawyer. Working in the Chinese Academy of Social Sciences Public Administration and Government policies, is a disciple of economist Cheng Siwei. Academic Interest mainly in the capital markets, public policy and sovereign wealth funds, attention to China's institutional transition and the rule changes.
2009 8 months, after the U.S. Justice Department exposed enterprises on China's nine central control component suspected of accepting bribes from U.S. imports to the domestic news. In Oil CNOOC, Datang Power, etc. Energy And power business suddenly in the column, a public outcry. In recent years, multinational companies in China on commercial bribery often appeared in press, but if that occurred before the Lucent, Siemens, Avon, etc. is just the commercial bribery cases in the case, but this time out by the U.S. Department of Justice to disclose CCI bribery Case up to nine central enterprises to large-scale involved, people really shocked, and nine companies involved in almost all of the SAC's request "from the card clean" and the Chinese judiciary's move as nothing more is to bribe the door onto CCI the Tuyere The wave.
CCI bribery of several features of the door
CCI bribery door and past multinational bribery cases in China compared with five features are worth noting:
First, CCI part of the bribery has been confirmed that the U.S. judiciary. Control Components Co., Ltd. United States (CCI) is a professional Control Valve Design and production of multinational companies, mainly for the power industry, nuclear industry, petrochemical and gas industry to provide products such as. In the Chinese market, the company holds more than 70% market share. According to available information and CCI of the plea agreement, in 1998-2007 years, CCI in China, Korea, Malaysia, United Arab Emirates, more than 30 countries, about 236 times bribery, this profit of about 46.5 million U.S. dollars. The U.S. Department of Justice finds that such conduct was a violation of the Foreign Corrupt Practices law and the Travel Act. View of the CCI has been part of its overseas pleaded guilty to bribery, and with the court system to prevent against foreign bribery, the agreement was reached, then the credibility of such allegations is no doubt high, as business disruption country's judicial order to initiate judicial proceedings should be necessary.
Second, companies involved all the energy and power industry, are monopolies. Up to now, involved a total of nine Chinese companies, which are: China Resources Power Holdings Co., Ltd., Datang Power, Dingzhou power, CNOOC Group, China Eastern Electric Group, CNPC, China Petroleum Material and Equipment Company, Jiangsu Nuclear Power Co., Ltd, Guohua Electric Power. CCI bribery concentrated in energy and power industry, with production of valve is mainly used for electricity and oil and gas Chemical industry Industry not unrelated, but the monopoly of the large area involved, there should be factors exist within the system.
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