Caixin OnlinePolitics & LawTop Stories Politics Oil Tycoon Denies Hu Yaobang's Family Is Linked to His Business
01.06.2014 15:03

Oil Tycoon Denies Hu Yaobang's Family Is Linked to His Business

Wang Letian says he paid more than fair price for oilfields, amid reports his daughter is married to grandson of Communist Party chief in 1980s
By staff reporter Yu Ning

(Beijing) -- Oil tycoon Wang Letian says that the family of former Communist Party general secretary Hu Yaobang was not linked to his deals for oilfields.

Wang bought several fields in 2008 in the northwestern province of Shaanxi from state-owned China National Petroleum Corp. (CNPC) via an intermediary, Zhou Bin, the son of a former top leader. Zhou is currently embroiled in a corruption investigation.

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