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Tuesday, October 13, 2015, 18:29

Former energy exec jailed for 20 years for graft

By Reuters

Former energy exec jailed for 20 years for graft
A picture shows the logo of China's largest oil producer China National Petroleum Corp (CNPC) during the World Gas Conference exhibition in Paris on June 2, 2015. (AFP PHOTO / ERIC PIERMONT)

BEIJING - A court in Central China on Tuesday jailed a former senior Chinese energy executive for 20 years for corruption, the latest official to fall in a sweeping anti-graft campaign.

Wang Yongchun was a deputy general manager at China's biggest oil company, China National Petroleum Corporation (CNPC) , until he became caught up in a graft probe last year.

Wang went on trial in July on charges of "holding a huge amount of property with unidentified sources" and "abuse of power by a staff member of a state-owned company".

"The property of defendant Wang Yongchun and his family obviously exceeded legal income, and the source of 42.5 million yuan (US$6.7 million) in assets could not be explained," the Xiangyang city Intermediate Court in Hubei province said in a statement.

Several senior CNPC executives have already been put under investigation in the far-reaching graft crackdown, among them former chairman Jiang Jiemin, who on Monday was sentenced to 16 years in prison for bribery and abuse of power.

The court said under the direction of Jiang, Wang had assisted in operations that led to "extremely large losses" to state interests.

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