Former CNPC boss jailed 16 years for corruption
Monday, October 12, 2015 at 1:18PM
Nicolas Torres in CNPC, China, Hu Jintao, JJiang Jiemen, Li Chuncheng

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.

A statement issued from the court in Hubei province said Jiang was found guilty of "receiving bribes, possessing large amounts of assets of unknown provenance, and abusing power as a state-owned company employee," the BBC said.

Li Chuncheng, a former deputy Communist Party boss in the southwestern province of Sichuan, was sentenced to 13 years in prison on the same charges by another Hubei province court.

Jiang, 61, (pictured above), was an ally of disgraced domestic security chief Zhou Yongkang.

Zhou is serving a life sentence after a conviction in June for corruption, abuse of power, and sharing state secrets. Authorities last year seized $14.5 billion in assets from Zhou, 72, after questioning hundreds of his relatives and colleagues.

Jiang took at least $2.2 million in bribes between 2004 and 2013 and collaborated with Zhou to help others with business deals, Reuters said.

He served as CNPC's chief from 2011 to 2013.

He won't appeal the ruling. "The crimes I committed are severe and my family assets are far more than my lawful earnings," Jiang said in April, according to a microblog post by the Hanjiang Intermediate People’s Court.

The ruling Communist Party began investigating Jiang in 2013 after he made payments to the victims of a car crash that killed the son of Hu's aide, Ling Jihua.

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Nicolas Torres is a reporter for Petro Global News.

Article originally appeared on The FCPA Blog (https://www.fcpablog.com/).
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