TheNigerianVoice Online Radio Center

US arrests two Chinese oil executives in Africa bribery scandal

By The Nigerian Voice
Click for Full Image Size
Listen to article

US authorities have arrested Hong Kong’s former home affairs secretary and the ex-foreign minister of Senegal for leading a multimillion dollar bribery scheme in Africa on behalf of a top Chinese energy company, with some deals arranged in the halls of the United Nations.

US officials announced Monday that multimillion-dollar top diplomat Cheikh Gadio and Hong Kong’s Patrick Chi Ping Ho sent huge bribes to high-level officials in Chad and Uganda to secure business advantages for the Chinese company.

The company was not identified in the announcement or the complaint filed in New York federal district court, but details in the complaint pointed to CEFC China Energy, the Shanghai-based rising star of China’s energy industry.

CEFC China Energy has blown onto the scene in just a few years, taking major stakes in global projects, including a 14 percent chunk of Russia’s Rosneft, and playing an important role in Chinese President Xi Jinping’s ambitious One Belt One Road initiative.