The Supreme People’s Prosecutor’s Office of China today ordered the arrest of Xu Wenrong, former CEO of China National Petroleum Corporation (CNPCacronym in English), for alleged acceptance of bribes.
According to a statement from the Prosecutor’s Office, Xu He was detained by the authorities after an investigation carried out by the National Supervision Commission, the main anti-corruption body of the Chinese State, the Xinhua news agency reported this Monday.
The arrest of Xuwho this Saturday was expelled from the Communist Party of China (CCPruling), following another investigation by the Central Commission for Discipline Inspection (CCID), the Party’s powerful anti-corruption body, is the latest in a series of corruption cases that have shaken the CNPC, one of the largest oil companies in the world.
In the case of Xuthe Prosecutor’s Office indicated that the former director would have received bribes from companies and people related to the CNPC in exchange for favoring them in contracts and other businesses.
Xu62, began working in the oil sector in 1997, before becoming deputy director of the CNPC from 2016 to 2022, during which time the company became one of the leading overseas Chinese companies, with operations in more than 80 countries.
In recent months, the company has fired several executives due to accusations of bribery, abuse of power and other crimes, such as the one carried out last June by the top executive of the state oil company, Hu Jiyongafter starring in an extramarital relationship that went viral in the Asian giant.
After coming to power in 2012, the current secretary general of the CCP and the country’s president, Xi Jinping, began an anti-corruption campaign in which numerous senior Chinese officials have been convicted of accepting million-dollar bribes.
Although this initiative, one of Xi’s star programs, has uncovered important cases of corruption within the CCPsome critics have suggested that it could also be used to end the political careers of some of his rivals.
The Chinese leader was re-elected last October at the 20th Congress of the CCP for a third term unprecedented among his predecessors in recent decades.
Source: Gestion
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