Former CNOOC executive jailed for corruption

Former CNOOC executive jailed for corruption

Former vice president of China National Offshore Oil Corporation (CNOOC), Wu Zhenfang, has been sentenced to jail for three and half years by a court in Beijing for taking bribes.

Wu was given a lighter punishment as he returned all his illegal income and paid a penalty of RMB200,000 ($29,165) to the court

Wu retired from his position in 2014 following 34 years of service at CNOOC, and he was arrested by authorities as part of ongoing corruption investigations in April 2015.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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