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BackChina places former Sinopec, CNOOC boss Fu Chengyu, 75, under corruption probe
China places former Sinopec, CNOOC boss Fu Chengyu, 75, under corruption probe
BREAKING
SCMP News1 hour agoPolitics1 min readChina

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

China's top anti-graft watchdog is investigating Fu Chengyu for alleged serious violations of discipline and law.

Quick Look

Fu Chengyu, former chairman of oil giants Sinopec and CNOOC, is under investigation for corruption by China's top anti-graft watchdogs, the CCDI and National Supervisory Commission.

AI-generated summary

Why It Matters

Fu Chengyu previously served as chairman of major Chinese state-owned oil enterprises Sinopec and CNOOC.

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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 disciplinary review and supervisory investigation” by the CCDI and National Supervisory Commission, according to the website.

Open Questions

  • What specific actions led to the corruption investigation?
  • Will other executives be implicated?

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This article was originally published by SCMP News.

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