CEFC China Energy controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Detention of Ye Jianming and state-linked takeover
Ye Jianming was detained in China for questioning over suspected economic crimes. CEFC subsequently announced his departure, while reports described intervention by Shanghai state-linked entities and CITIC Group.
2018
Patrick Ho bribery and money-laundering case
Patrick Ho, a senior representative of an organization backed by CEFC, was prosecuted and convicted in the United States in a case involving bribery and money laundering. He was sentenced to three years in prison in 2019.
2018
Debt defaults and employee nonpayment
CEFC faced missed bond payments, creditor enforcement involving CEFC Europe and reports that employees had gone unpaid before large-scale layoffs.