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China places former Sinopec and CNOOC boss Fu Chengyu, 75, under corruption probe

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South China Morning Post – China
“China places former Sinopec and CNOOC boss Fu Chengyu, 75, under corruption probe”

Fu Chengyu, the former chairman of leading oil giants Sinopec and China National Offshore Oil Corporation (CNOOC), is under investigation for corruption by the country’s top watchdogs. The Communist Party’s Central Commission for Discipline Inspection (CCDI) was investigating Fu for alleged “serious violations of discipline and law”, a euphemism for corruption, state news agency Xinhua reported on Saturday, quoting a notice posted on the commission’s website. He is “currently undergoing...

Read at South China Morning Post – China
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