China oil tycoon held in $127 mln graft probe

时间：2006-12-27 05:30:53

（单词翻译:单击）

Dec. 27 - A tycoon1 who heads China's largest private oil group has been detained on suspicion of embezzling2 1 billion yuan ($127.9 million) in private and government funds, media reported on Tuesday.

 

Gong Jialong, chairman of the Tianfa Group, owner of listed Tianfa Petroleum3 Co. Ltd. and head of the two-year-old China Chamber4 of Commerce for Petroleum Industry, was detained on December 21, the Beijing News said.

 

No charges had been laid, the newspaper said.

 

Gong could not be reached on his mobile phone and company officials had no immediate5 comment.

 

The 52-year-old truck driver-turned-businessman from the central province of Hubei created China's first association of private oil distriubtors to gain a foothold in the country's rigid6 oil sector7.

 

"Gong did a big good deed by creating the chamber. China's private oil sector needs such a platform," said Chen Wei, an oil veteran who has known Gong for years and describes him as presentable and eloquent8.

 

About 18 months ago Gong also founded Greatwall United Petroleum Holding Co. Ltd., an oil group with a goal to bring together at least 50 independent firms to take on state-run energy giants such as PetroChina.

 

Gong, who struck gold in trading liquefied petroleum gas in the mid9 1990s, is not the first Chinese tycoon to get into trouble.

 

Zhou Yiming, in his early 30s and the youngest entrant on Forbes magazine's 2005 list of China's richest 400, was jailed for life this year for fraud. Zhou was convicted of faking financial reports to borrow 380 million yuan from three banks and later acquired a 28 percent stake of a utility company.

 

In 2003, former flower magnate Yang Bin10, once listed as China's second richest man with an estimated fortune of $900 million, was jailed 18 years for commercial crimes. Auto11 executive Yang Rong who faced similar charges fled in 2002.

 

In 2000, the flamboyant12 Mou Qizhong, once billed as China's richest man, was jailed for life for foreign exchange fraud.

 

Hong Kong's Ta Kung Pao daily said the China Securities Regulatory Commission requested Gong's detention13.

 

Shares of Tianfa Petroleum, which deals in liquefied gas, chemicals and other oil products as well as agricultural products, have fallen about 27 percent since end-September even as larger rivals such as Sinopec Corp. have soared on high oil prices.

 

Sinopec shares have risen about 39 percent over the same period.
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1 tycoon EKkze     
n.有钱有势的企业家，大亨
参考例句：
  • The tycoon is on the verge of bankruptcy.那名大亨濒临破产的边缘。
  • The tycoon has many servants to minister to his needs.那位大亨有很多人服侍他。
2 embezzling 1047ebe52d9fa01687627a4cf0bc4cc7     
v.贪污，盗用（公款）( embezzle的现在分词 )
参考例句：
  • Accordingly, object embezzling waste to be carried temporarily the schedule of administration. 因此，反对贪污浪费就提上了临时中央政府的议事日程。 来自互联网
  • Some were sentenced for taking bribes, others executed for embezzling funds. 有的因受贿而被判刑，有的因侵吞公款而被判处死刑。 来自互联网
3 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
4 chamber wnky9     
n.房间，寝室；会议厅；议院；会所
参考例句：
  • For many,the dentist's surgery remains a torture chamber.对许多人来说，牙医的治疗室一直是间受刑室。
  • The chamber was ablaze with light.会议厅里灯火辉煌。
5 immediate aapxh     
adj.立即的；直接的，最接近的；紧靠的
参考例句：
  • His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
  • We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。
6 rigid jDPyf     
adj.严格的，死板的；刚硬的，僵硬的
参考例句：
  • She became as rigid as adamant.她变得如顽石般的固执。
  • The examination was so rigid that nearly all aspirants were ruled out.考试很严，几乎所有的考生都被淘汰了。
7 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
8 eloquent ymLyN     
adj.雄辩的，口才流利的；明白显示出的
参考例句：
  • He was so eloquent that he cut down the finest orator.他能言善辩，胜过最好的演说家。
  • These ruins are an eloquent reminder of the horrors of war.这些废墟形象地提醒人们不要忘记战争的恐怖。
9 mid doTzSB     
adj.中央的，中间的
参考例句：
  • Our mid-term exam is pending.我们就要期中考试了。
  • He switched over to teaching in mid-career.他在而立之年转入教学工作。
10 bin yR2yz     
n.箱柜；vt.放入箱内；[计算机] DOS文件名:二进制目标文件
参考例句：
  • He emptied several bags of rice into a bin.他把几袋米倒进大箱里。
  • He threw the empty bottles in the bin.他把空瓶子扔进垃圾箱。
11 auto ZOnyW     
n.(=automobile)(口语)汽车
参考例句：
  • Don't park your auto here.别把你的汽车停在这儿。
  • The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。
12 flamboyant QjKxl     
adj.火焰般的，华丽的，炫耀的
参考例句：
  • His clothes were rather flamboyant for such a serious occasion.他的衣着在这种严肃场合太浮夸了。
  • The King's flamboyant lifestyle is well known.国王的奢华生活方式是人尽皆知的。
13 detention 1vhxk     
n.滞留，停留；拘留，扣留；(教育)留下
参考例句：
  • He was kept in detention by the police.他被警察扣留了。
  • He was in detention in connection with the bribery affair.他因与贿赂事件有牵连而被拘留了。

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