Latest news with #WangYilin
The Star
13-05-2025
- Business
- The Star
Former China National Petroleum Corp chairman sentenced to 13 years in prison for bribery
FILE PHOTO: Wang Yilin attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. -Photo: Reuters file BEIJING: 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 (US$416,667), state-run CCTV reported on Tuesday (May 13). 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. - Reuters ($1 = 7.2000 Chinese yuan renminbi)
Straits Times
13-05-2025
- Business
- Straits Times
Former CNPC chairman sentenced to 13 years in prison for bribery
Former chairman of China National Petroleum Corp Wang Yilin was sentenced to 13 years in prison for bribery. PHOTO: REUTERS Former CNPC chairman sentenced to 13 years in prison for bribery BEIJING - 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 (S$543,626), state-run CCTV reported on May 13 . 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 in 2024 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. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Reuters
13-05-2025
- Business
- Reuters
Former CNPC chairman sentenced to 13 years in prison for bribery
BEIJING, May 13 (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), according to state-run CCTV. ($1 = 7.2000 Chinese yuan renminbi)
