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
Fang Guangyun, former party secretary of Zhanbei neighborhood committee in Hefei city (Anhui Province), is on trial for defrauding government of 63 apartments meant for relocated residents. Dubbed “Uncle House,” Fang also took $9,774 in bribes from residents to help them obtain houses fraudulently.… Continue Reading
Investigators are looking for the evidence of foul play in the death of the first wife of Zhou Yongkang, a source with direct knowledge of the investigation told Reuters.
Zhou, the former domestic security chief and a member of the powerful Politburo Standing Committee, was named in a formal corruption probe in late July.… Continue Reading
China’s anti-graft authorities have launched investigations of 50 executives at state-owned FAW Group Corp, one of the country’s Big Four automakers and a partner of Volkswagen AG, sources said.
The latest target of prosecutors in Jilin province, where FAW is headquartered, is the group’s former deputy general manager An Dewu.… Continue Reading
Xu Caihou, the former vice chairman of China’s Central Military Commission (CMC), has been expelled from the Communist Party of China (CPC) and his case sent to prosecutors for a court martial, the CPC Central Committee announced on Monday. … Continue Reading
The highest-ranking Chinese official since President Xi Jinping launched a massive campaign against corruption was formally removed from his post Wednesday.… 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.
Shanghai-based Wison Engineering Services Co. said Friday that its chairman was arrested by Chinese police for “alleged bribery activity.”
After the Chinese oil-engineering provider was informed of Chairman Hua Bangsong’s arrest through his family, the company issued a statement to the Hong Kong Stock Exchange.… Continue Reading