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







