Canadian Manufacturing

Top Chinese official begins corruption trial

Mike Ouellette   

Canadian Manufacturing
Financing Regulation Risk & Compliance Energy Oil & Gas Public Sector


A series of senior figures from the state-owned oil industry have been detained in the graft crackdown

BEIJING—A top official who led China’s biggest petroleum company and later was assigned to oversee state-owned companies went on trial April 13 on charges of corruption and abuse of power.

Defendant Jiang Jiemin is a former chairman of the state-run China National Petroleum Corp, CNPC, which has been the target of a sweeping graft investigation amid a larger anti-corruption campaign that has netted top officials and others.

Jiang is charged with taking bribes, possessing a large number of assets from unidentified sources and abusing his position at a state-owned enterprise, Hanjiang Intermediate People’s Court in Hubei province said on its microblog.

Jiang was chairman of CNPC, the parent company of PetroChina Ltd., Asia’s biggest oil producer, before being appointed in 2013 to the Cabinet body that oversees China’s biggest state-owned companies. He was fired from that post in September 2013 after he came under investigation.

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A series of senior figures from the state-owned oil industry have been detained in the crackdown led by President Xi Jinping that appears to be aimed at tightening central control over PetroChina and other powerful state companies.

The energy industry was a power base for Zhou Yongkang, the ruling Communist Party’s former security chief who was arrested in December on charges including bribery and leaking state secrets. Control over state companies can provide political figures with jobs to reward supporters and money to promote their own careers.

Jiang was believed to have links to Zhou, although prosecutors have not cited any link between the two cases.

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