Sherrie Donaldson, bricsbusinesscouncil.co
uncaptioned image from article
Excerpt:
Top Chinese oil company CEFC China Energy on Tuesday denied any involvement in an alleged multi-million dollar bribery scandal that US investigators say helped the giant win business advantages in Africa. ...
Former Senegalese top diplomat Cheikh Gadio and Hong Kong’s Patrick Chi Ping Ho are accused of sending huge bribes to high-level officials in Chad and Uganda to secure business advantages for a Chinese company. ...
Ho led a Hong Kong-based organisation called the China Energy Fund Committee, which is itself funded by CEFC China Energy.
CEFC China Energy released a statement late Tuesday “in response to some media reports” that He Zhiping, the general secretary of the fund, was being “prosecuted by the US judicial authorities”. He Zhiping is the mainland Chinese way of transliterating Ho’s name.
The statement said the fund was established to “promote international energy research, conduct public diplomacy, and facilitate global energy cooperation and cultural exchange.”
But it added that the fund “is not involved in any of the commercial activities of CEFC China”. ...
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