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.
Entries in China National Petroleum Corporation (7)
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.
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.
The widening corruption probe in China has ensnared another oil executive, this time the number two man at state-owned Sinopec.
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.
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.
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.