#Energy Sector
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The Audit That Never Sleeps: Retrospective Governance and the Fall of Fu Chengyu
The corruption investigation into former Sinopec and CNOOC chairman Fu Chengyu 11 years after his retirement is not a sensationalist offshore asset interception. Instead, it marks the culmination of China's multi-decade retrospective audits targeting state energy conglomerates, establishing an era of permanent corporate accountability.