Cai Xiyou
Cai Xiyou | |
|---|---|
| Born | Template:Birth year and age Dandong, Liaoning, China |
| Occupation(s) | Economist, Business executive |
| Years active | 1981–2016 |
| Known for | General manager of Sinochem Group (2014–2016) |
Cai Xiyou (; born August 1961) is a Chinese economist who held the position of general manager at the Sinochem Group between 2014 and 2016 before being removed due to corruption allegations. On July 6, 2017, he was officially dismissed from his role and expelled from the party. Cai maintained political connections with Su Shulin, the former deputy party secretary and governor of Fujian province.
Career
Born in August 1961 in Dandong, Liaoning province, Cai completed his education at Fushun Oil College (currently known as Liaoning University of Petroleum and Chemical Technology) in 1981 and subsequently joined Sinopec Group. Starting in 1998, he took on multiple leadership positions within Sinopec’s sales department, such as deputy general manager and later general manager. In December 2001, he was appointed as general manager and party secretary of China International United Petroleum & Chemicals Co., Ltd. (UNIPEC). By April 2003, Cai had advanced to vice-president of Sinopec Group, and in November 2005, he was promoted to senior vice-president. He assumed the presidency of Sinopec Engineering (Group) Co., Ltd. (SEG) in 2012. In August 2014, Cai was elevated to president of the Sinochem Group.
Downfall
The Central Commission for Discipline Inspection launched an investigation into Cai on February 6, 2016, citing "serious legal violations." He was dismissed from his post in March 2016, and by July 2017, he was expelled from the Chinese Communist Party as formal charges were initiated by the procuratorate.
On December 26, 2018, Tai'an People's Intermediate Court sentenced Cai to twelve years imprisonment and imposed a fine of three million yuan for accepting bribes amounting to 53.67 million yuan.