News and commentary about white-collar crime, enforcement, and compliance
Harry Cassin
Publisher and Editor
Andy Spalding
Senior Editor
Jessica Tillipman
Senior Editor
Bill Steinman
Senior Editor
Richard L. Cassin
Editor at Large
Elizabeth K. Spahn
Editor Emeritus
Cody Worthington
Contributing Editor
Julie DiMauro
Contributing Editor
Thomas Fox
Contributing Editor
Marc Alain Bohn
Contributing Editor
Bill Waite
Contributing Editor
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A U.S. federal judge dismissed a securities lawsuit against PetroChina Tuesday that alleged the company failed to disclose corruption it flagged for Chinese investigators and made misleading statements in two annual reports.… Continue Reading
China’s former state security chief Zhou Yongkang, who was sentenced to life imprisonment, leaked state secrets to a fortune teller by the name of Cao Yongzheng.
Cao was introduced to Zhou Yongkang through his eldest son, Zhou Bin, in 2000 and won Zhou’s trust by mentoring his younger son Zhuo Han.… Continue Reading
Here’s the statement from the First Intermediate People’s Court of Tianjin issued June 11 announcing the sentencing of Zhou Yongkang, China’s former domestic security tsar and a member of the powerful Politburo Standing Committee.… Continue Reading
The widening corruption probe in China has ensnared another oil executive, this time the number two man at state-owned Sinopec.
Sinopec president Wang Tianpu was detained by Communist party officials on Monday for suspected “serious violations of discipline and law,” the Financial Times said. … Continue Reading
China’s National Audit Office (NAO) has found massive financial irregularities ranging from theft of state assets to dodgy tender deals in more than a dozen state-owned firms, according to the agency’s annual audit report.… Continue Reading
A sweeping corruption investigation into state oil giant China National Petroleum Corp (CNPC) has expanded from domestic oilfields to overseas operations, with two more oil executives being detained for questioning.
Bo Qiliang (pictured), the vice president of CNPC’s subsidiary PetroChina Company Limited, was one of those detained, sources told local English-language magazine Caixin.… Continue Reading
Chinese authorities have seized assets worth at least $14.5 billion from retired domestic security chief Zhou Yongkang as part of a wide-ranging corruption investigation.
More than 300 of Zhou’s relatives, political allies, and staff have also been taken into custody or questioned in the past four months, sources told Reuters.… Continue Reading