In a move to crack down on corruption, Chinese authorities on Thursday introduced new anti -corruption laws that target those involved in local governments, state-owned enterprises and state-controlled companies.
The new measures come in the wake of a series of high-profile graft cases, including the conviction last month of former Vice Premier Wang Jiping, who had been accused of illegally buying millions of dollars worth of state-backed real estate.
A separate bill also imposes fines of up to $1 million on those involved with state-run companies.
According to a draft version of the bill published on the official People’s Daily Online portal on Thursday, the maximum fine for corruption is 2.5 million yuan ($39,000).
But it is unclear whether the law will be enforced.
The law also includes new punishments for those who try to obstruct justice.
Those who attempt to obstruct the prosecution will face a maximum fine of 4 million yuan and a jail term of up, five or seven years, according to the draft bill.
The draft law will also allow the police to detain anyone for up to five days, with the right to appeal, according the draft.
The Communist Party, China’s top economic power, is the main target of the new laws.
The Communist party’s central committee said the measures were aimed at combating graft.
“The new anti corruption laws are intended to curb the illegal acquisition and use of power and to prevent corruption,” the party’s official People is reporting.
“They will help strengthen the enforcement of laws and protect the people,” it added.
The party said the new anti legislation was “designed to counter the criminalisation of corruption” and “protect public trust”.
It also said the law would allow the party to crack the cases of high level officials, who it said had been “severely affected by the illegal use of public power”.
The measures were not yet known if they would be enforced, according a source familiar with the matter.