The chairman of China’s largest privately-held energy company is being investigated by Chinese authorities, according to a just-published expose by Caixin, a Chinese business magazine.
CEFC China Energy, an oil and financial services conglomerate with assets around the world, was established by Ye Jianming in 2002. The company has since engaged in shady business practices and used connections to the Chinese military to advance itself, according to a Caixin article published on March 1, which has since been taken off the internet.
