Beijing - Hong Kong businessman who is also boss of Queensway Group, Sam Pa, was reportedly arrested in China. The arrest of alleged corruption that ensnared a Chinese official who has served as Director of Sinopec, China's largest oil refinery.
Caixin magazine reported and quoted by the South China Morning Post on Thursday (15/10/2015), Sam Pa arrested at a hotel in Beijing on October 8 last. This arrest occurred one day after the Chinese authorities announced an investigation into the Fujian Governor Su Shulin.
Su investigated for cases of disciplinary violations while serving as Director of Sinopec. Not called further charges dijeratkan to Su and also Sam Pa. However designation breach of discipline is a subtle term Chinese authorities for corruption.
Quoting a source who declined to be named, Caixin magazine reported the arrest of Sam Pa related to the investigation of cases that led Su, who served as Director of Sinopec period 2007-2011. According to sources, this case related to the findings of the team of Government Audit Agency which checks Sinopec.
Sam Pa 57-year-old was born in Hong Kong and holds dual citizenship, namely the United Kingdom and Angola. Caixin report mentions, Sam Pa much help Sinopec to secure a number of oil fields in Angola when Su was General Manager of Sinopec. Caixin mentioned, Sam Pa has been widely used aliases such as Samo hui, Sam King, Tsui Kyung-wha, Ghiu Ka Leung and Antonio Famtosonghiu Sampo Menezes.
Explained Caixin that China Sonangol Sinopec joint, the joint venture company Queensway with state oil company in Angola, acquired five offshore oil field in Angola between 2008-2013. This is done by utilizing a network of owned Sam Pa in African countries. It also said that Su discuss this with Sam Pa in a private plane Sam Pa.
Sinopec holds a 50 percent stake have agreed to cover the entire cost of the project, including financing the purchase of oil fields and investments for exploration. While the company Sam Pa obtain free shares.
"Acquisition of oil fields in Angola since 2008 seems to be a black hole for Sinopec with the company continuing to invest without generating commercial income," said Caixin in its report.
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