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China's new leaders exert control over oil company

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BEIJING (AP) — China's new leaders are asserting their authority over the country's biggest company with a corruption investigation that has netted five former and current top oil executives, including the latest — the former chairman of the company.

The announcement by the Ministry of Supervision on Sunday of an investigation into Jiang Jiemin, director of the Cabinet's commission that runs state companies, marks the latest high-profile corruption case to be launched after China's new leader Xi Jinping took power in November.

The investigation into Jiang, who was previously chairman of the country's biggest oil company, China National Petroleum Corp., comes after similar probes were announced over the past week into four executives at the state-owned company.


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