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…
We haven't written up this one. Reuters Business via SCMP has the full story — the link below goes straight to it.
