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Monday, October 12, 2015, 17:21

Former assets chief 'gets 16 yrs for graft'

By Agencies

Former assets chief 'gets 16 yrs for graft'
This undated file photo captures Jiang Jiemin, former head of the State-owned Assets Supervision and Administration Commission. (Photo / Xinhua)

BEIJING - Jiang Jiemin, former head of the State-owned Assets Supervision and Administration Commission has been sentenced to 16 years in prison for graft, Chinese state television said on Monday.

Prosecutors accused Jiang of taking bribes, possessing a large number of assets from unidentified sources and abusing power while performing duty for a state-owned enterprise.

Jiang was chair of the board of China National Petroleum Corporation (CNPC), the parent of PetroChina Co. Ltd., and a close associate of Zhou Yongkang, former domestic security chief who has also been charged with corruption.

He was tried at the Hanjiang Intermediate People's Court in Hubei Province.

State broadcaster CCTV reported Jiang told the court that he would not appeal Monday's verdict.

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