China investigates former oil company president for corruption

Chinese authorities have initiated an investigation into Fu Chengyu, former president of Sinopec and CNOOC, for alleged serious violations of discipline and law. The Central Commission for Discipline Inspection (CCDI) did not disclose specific details regarding the allegations. This investigation is part of a broader anti-corruption campaign led by President Xi Jinping, targeting high-ranking officials and state-owned enterprise leaders. Fu, who has over three decades of experience in the oil industry, is the latest high-profile figure implicated in corruption. The announcement follows a recent plenary session focused on discipline and anti-corruption efforts within the Communist Party.