Zhou Yongkang (third from right) once amassed a lot of power while in office, and on July 29 was officially investigated for allegedly being involved in corruption.

The unprecedented corruption investigation targeting Zhou Yongkang, a former member of the Standing Committee of the Politburo (PBSC), a high-ranking official of the Chinese Communist Party, made many people question: with his power, Mr.

Most likely, Chu Vinh Khang is not directly related to the assets under investigation.

The Zhou family owns or is affiliated with at least 37 companies, in many places in China and around the world, reaching as far as North America, according to research documents from SCMP, China.

Reuters previously reported that the total assets held by the Chu family are worth about 90 billion yuan, equivalent to more than 14.5 billion USD.

`If this is true, it is too terrible. It has long been said that opaque income and money from corruption account for more than 30% of China’s total national income (GDP), but that number is still

The name `Chu Vinh Khang` never appeared in thousands of documents the authorities researched and collected.

Ms. Chiem, 72 years old, is a key shareholder in at least 9 companies of the Chu family.

Zhou Bin, now arrested, mainly relies on his in-laws, partners, friends… to run his business.

Zhou Yongkang’s villa in the countryside.

Zhou Bin returned to China in the early 2000s with a master’s degree in international management from the University of Texas, Dallas, USA.

A year later, Ms. Chiem, Zhou Bin’s mother-in-law, invested 4 million yuan to establish another company, in which Zhongxu held 80% of the shares.

According to mainland media, the investment project with CNPC includes upgrading the retail management system of 8,000 gas stations in many provinces and cities across China.

Many sources said that Chu Ban’s business strategy is to find state projects at low prices and then resell them at many times higher prices.

According to a report from Caixin magazine, in 2007 and 2008, Zhou Bin earned more than 500 million yuan in profits from the resale of the Changyin and Changqing oilfield projects in Shaanxi province.

In 2011, Zhou Bin’s Zhongxu Sunshine Energy Technology Company had total assets of 139 million yuan with annual profits of 32.9 million yuan, according to the company’s financial report.

In Sichuan, where Zhou Yongkang served as party secretary from 2000 to 2002, Zhou Bin was also actively involved in the hydropower industry as well as real estate and tourism development.

Zhou Bin and his mother-in-law once invested in two hydroelectric plants on the Dai Do River.

Zhou Bin also has a business relationship with Liu Han, a mining tycoon.

Vuong Uyen Thanh, Zhou Bin’s wife, also holds a large position in the family empire.

With the help of friends and partners, Chu Ban is not afraid to venture into other industries such as consulting, equipment trading, natural gas… But the oil business is always the key segment.

Zhou Bin was not the only family member who took advantage of Zhou Yongkang’s power for personal gain.

Locally, Chu Nguyen Hung’s older brother and Chu Nguyen Thanh’s younger brother took advantage of Chu Vinh Khang’s power in the state apparatus to conduct connection deals and buy and sell positions, Caixin magazine revealed.

However, it was Chu Nguyen Thanh’s wife and son who earned the bargain.

Chu Nguyen Thanh’s wife also invested 19 million yuan to build the only Audi car dealership in Jiangsu.

`If there is no clear evidence of Zhou Yongkang’s connection to the family’s money, it is likely that the assets will be listed as ‘assets of unknown origin,’` said Hu Xingdou, investor.