China uncovers power abuses, nepotism at Sinopec

BEIJING: China's anti-corruption watchdog said on Saturday that it had uncovered evidence of graft at China Petrochemical Corp (Sinopec Group), warning the state-owned oil giant to take strong action to eradicate kickbacks, nepotism and theft.

Sinopec, the parent company of China Petroleum & Chemical Corp , must take steps to stop "power-for-money dealings" and prevent the loss of state assets, the Central Commission for Discipline Inspection (CCDI) said.