By Colleen Howe BEIJING (Reuters) -Wang Yilin, a former chairman of state-owned China National Petroleum Corp (CNPC), was sentenced to 13 years in prison for bribery and fined 3 million yuan ($416,667), state-run CCTV reported on Tuesday. State media reported in July 2024 that Wang, who retired from CNPC in 2020, had been expelled from […]
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Former CNPC chairman sentenced to 13 years in prison for bribery
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By Colleen Howe
BEIJING (Reuters) -Wang Yilin, a former chairman of state-owned China National Petroleum Corp (CNPC), was sentenced to 13 years in prison for bribery and fined 3 million yuan ($416,667), state-run CCTV reported on Tuesday.
State media reported in July 2024 that Wang, who retired from CNPC in 2020, had been expelled from China’s ruling Communist Party for discipline violations. The report said he was under investigation for illegally accepting high-value assets and taking advantage of his position to help others seek benefits in project contracting.
CNPC, which is the parent company of listed PetroChina, did not immediately respond to a request for comment.
The company said in a statement last year that it firmly supported Wang’s expulsion from the Party, which it said showed the organisation’s “zero-tolerance” stance on corruption.
Prior to his role as CNPC chairman, Wang was at the helm of China National Offshore Oil Corp, or CNOOC, the parent of listed CNOOC Ltd.
($1 = 7.2000 Chinese yuan renminbi)
(Reporting by Colleen Howe, Editing by Louise Heavens)