Former CNPC boss jailed 16 years for corruption


Former China National Petroleum Corporation chief Jiang Jiemin was sentenced to 16 years in prison Monday after he pleaded guilty to a slew of corruption charges earlier this year.





Harry Cassin Publisher and Editor
Jessica Tillipman Senior Editor
Richard L. Cassin Editor at Large
Elizabeth K. Spahn Editor Emeritus
Cody Worthington Contributing Editor
Julie DiMauro Contributing Editor
Thomas Fox Contributing Editor
Marc Alain Bohn Contributing Editor
Bill Waite Contributing Editor
Shruti J. Shah Contributing Editor
Russell A. Stamets Contributing Editor
Richard Bistrong Contributing Editor
Eric Carlson Contributing Editor
Bill Steinman Contributing Editor
Aarti Maharaj Contributing Editor
The FCPA Blog Delivered free to your inbox - Click Here
____________________________
Former China National Petroleum Corporation chief Jiang Jiemin was sentenced to 16 years in prison Monday after he pleaded guilty to a slew of corruption charges earlier this year.
Family members of China's current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.
Chinese Vice Premier Wang Qishan, Secretary of the Central Commission for Discipline Inspection, holds the autographed basketball given to him by President Barack Obama in 2009 (Photo by Pete Souza-The White House)China’s new slate of leaders have been announced -- the seven members of the Standing Committee of the Politburo, the highest-ranking body in the Communist Party (and therefore the country). The announcement came Thursday at the end of the 18th National Congress of the Communist Party.