INTERPOL ISSUES RED NOTICES FOR 3 SINOPEC EXECUTIVES
Suspects allegedly embezzled money from West Point Terminal project in Indonesia
POLICE said yesterday Interpol has issued red notices, the closest to an international arrest warrant, for three Chinese executives suspected of fraud linked to a more than US$800 million (RM3.54 billion) China Petroleum and Chemical Corp (Sinopec) oil terminal, here.
Sinopec is the second major Chinese state oil firm in less than three years to find staff facing allegations of corruption in Indonesia, where the resources sector is riddled with graft and legal and contractual uncertainty.
“The three red notices have been published for those wanted people,” said National Police spokesman Boy Rafli Amar.
The authorities filed a request for Interpol assistance on February 21 regarding the three executives, suspects in the alleged embezzlement of an undisclosed sum of money from the West Point Terminal project, said Amar.
He identified the three as West Point Terminal finance director Zhang Jun, chief executive Feng Zhigang and chairman Ye Zhijun.
Chinese Foreign Ministry spokesman Hua Chunying said she had seen reports about the red notices, but was not aware of specifics.
Interpol’s General Secretariat press office said in an emailed response it did not “comment on specific cases or individuals except in special circumstances”.
A red notice is Interpol’s highest alert and is a request to locate and provisionally arrest an individual pending extradition. It is not an international arrest warrant as Interpol cannot compel any member country to arrest an individual who is the subject of a red notice.
Defrizal Djamaris, a lawyer representing West Point Terminal’s five per cent stakeholder PT Mas Capital Trust (MCT), said MCT reported suspicions of fraud on the project to police in 2015.
The red notices were issued because the three executives had left the country and “not cooperated” with local police investigations, said Djamaris.
The West Point Terminal was touted to be Southeast Asia’s largest and was expected to be operational by the middle of last year, but has faced a series of setbacks, including a suit filed by shareholders in November.
The project in Indonesia’s Batam free-trade zone to the south of Singapore is 95 per cent owned by Sinopec Kantons Holdings, a unit of Sinopec. Reuters
Indonesia requested Interpol’s assistance on February 21 regarding the alleged embezzlement of an undisclosed sum from Sinopec’s West Point Terminal project in Indonesia.