PetroChina, part of China's largest oil producer the China National Petroleum Corp, said the individual, who is seeking to represent other shareholders in a class action lawsuit, filed a complaint with the U.S. District Court for the Southern District of New York.
The four current or former executives include former PetroChina chairperson Mr Jiang Jiemin, Mr Zhou Jiping, chairman of the board of directors, Mr Zhou Mingchun, former CFO and Mr Yu Yibo, current CFO.
PetroChina vowed to fight the action.
"The company will vigorously contest the complaint with its best efforts to protect the legitimate rights and interests of the company," it said.
Image: © Getty
Copyright is owned by Asia Outlook and/or Outlook Publishing. All rights reserved.