Caixin
Mar 01, 2018 07:30 PM
BUSINESS & TECH

Investigation Casts Shadow on Rosneft’s China Investor CEFC

CEFC China Energy founder Ye Jianming. Illustration: Caixin
CEFC China Energy founder Ye Jianming. Illustration: Caixin

* Founder Ye Jianming is under investigation

* Rosneft stake acquisition likely to collapse if CEFC China can’t get funds by end of February, a source says

The mysterious founder and chairman of China’s private conglomerate CEFC China Energy, which is set to take a $9 billion stake in Russia’s state-controlled oil major Rosneft, has been placed under investigation, Caixin has learned from sources close to the matter.

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