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Ye Jianming 叶简明 - The rise and fall of the Belt and Road billionaire.
Chairman and Executive Director of CEFC China Energy Company Limited.

Thursday, 6 December 2018
2670 viewers.

Ye Jianming 叶简明 is the Chairman and Executive Director of CEFC China Energy Company Limited, a Global Fortune 500 energy and finance conglomerate.

Under Ye Jianming's leadership CEFC China was ranked 229 on the Fortune Global 500 List in 2016 and has a workforce of over 30,000.

In the mid-1990s, Ye Jianming had a simple job in a forest, or so his story goes. Twenty years later, he sat atop a $44 billion business empire. Today, he has vanished and, as that empire crumbles, is reportedly under investigation by the Chinese government. How all that happened remains largely unknown. But one thing is clear: at its height, Ye’s company, CEFC China Energy, aligned itself so closely with the Chinese government that it was often hard to distinguish between the two.

The young tycoon appeared to be China's unofficial energy envoy, meeting presidents across the globe and even becoming an adviser to a European government. In 2016, he ranked No. 2 on the Fortune magazine 40 Under 40 list.

But last November, Ye’s seemingly unstoppable rise came to a screeching halt. His undoing came after US prosecutors alleged that an NGO he funded had used its United Nations status to offer millions in bribes to African leaders, although he is not charged.

In November 2017, the US Justice Department accused CEFC of offering a US$2 million bribe to the president of Chad for oil rights and, through its representative Hong Kong pro-Beijing political figure and former Secretary for Home Affairs and Chinese People's Political Consultative Conference member Patrick Ho and former Senegalese foreign minister Cheikh Gadio, depositing a US$500,000 bribe to an account designated by the Minister of Foreign Affairs of Uganda. Ho and Gadio were arrested in New York.

In 2018, Ye was detained for questioning on the order by the Party General Secretary Xi Jinping. The whereabouts of Ye are unknown -- and what charges, if any, he may face in China have not been publicly revealed.


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