Chinese Media Reveal Invisible PetroChina Subsidiary with Total Assets of a Hundred Billion Yuan
Many high-level officials of PetroChina are
currently under investigation for corruption.
More inside stories of the system
have been revealed by media reports.
According to China Business News, a Chinese financial
newspaper, PetroChina is the sole owner of a subsidiary,
which is called “China Petroleum Sales Co., Ltd."
This subsidiary has total assets
as high as a hundred billion Yuan.
However, the name of this mysterious company never
appears in the financial statements of PetroChina.
It is also not included in the announced
list of PetroChina’s subsidiaries, either.
It is not even registered in the Industrial
and Commercial Bureau of Beijing.
Supporter of Citizens’ Movement Detained by Chinese Police
Wang Gongquan, a famous Chinese investor and
supporter of China’s “New Citizens’ Movement", was
detained by Beijing police on Friday September 13.
Observers consider this move as a sign of tightening
suppression over China’s citizens’ movements.
On the morning of September 13, Wang Gongquan
was taken away by the police from his home.
Xiao Shu, a friend of Wang, said the summons shown
by the police said that “Wang is suspected of being
involved in disrupting public order by gathering a crowd."
In the evening of the same day, Wang
was officially placed in criminal detention.
Previously, the CCP authority had arrested another
two key members of the “New Citizens’ Movement".
They are Xu Zhiyong and Guo Feixiong.
Wang had also attended joint signature
events in supporting the movement.
Currently, Wang Gongquan is in custody
at the Third Detention Center of Beijing.
Abbot of Kumbum Monastery Revealed Details of CCP Naming 11th Panchen Lama
Arjia Rinpoche is the throne holder and abbot of Kumbum
Monastery, which belongs to Gelu-school of Tibetan Buddism.
Arjia attended a recent event in Taipei upon
publication of his autobiography in Chinese:
“Against the Wind; Down the Stream".
In the event, Arjia Rinpoche revealed details about how
the Chinese Communist Party (CCP) cheated in naming
their preferred candidate as the 11th Panchen Lama.
Radio Free China has reported
the story told by Arjia Rinpoche.
In 1989, the 10th Panchen Lama suddenly
passed away, which had puzzled observers.
After that, the CCP denied the assertion of the 11th
Panchen Lama by the Dalai Lama, and arrested the boy.
The party then held its own ceremony of “Drawing Lots
from the Gold Pot", so as to “find" the 11th Panchen Lama.
Arjia Rinpoche was a witness of the CCP’s ceremony
of “Drawing Lots from the Gold Pot" in 1995.
He revealed that one lot was longer than
others with a little cotton placed at its bottom.
This ensured that it would definitely
be picked up in the ceremony.
With such a trick, the CCP named the
11th Panchem Lama by its own preference.