Greater ChinaOffshore
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.