Caixin
Jul 31, 2024 09:20 PM
BUSINESS

Former State-Owned Oil Giant Chairman Booted From Communist Party

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What’s new: The former chairman and Communist Party chief of state-owned China National Petroleum Corp. (CNPC) has been expelled from the party for violations including accepting “huge” bribes and “long associating with political fraudsters and being exploited by them,” the country’s top graft buster said Wednesday.

Wang Yilin took bribes in exchange for helping others in areas including project contracting and business operations, the Central Commission for Discipline Inspection (CCDI) said in a statement. Wang also indulged his relatives’ use of his influence for personal gain and accepted several trips arranged by private business owners.

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  • Wang Yilin, former chairman and Communist Party chief of CNPC, was expelled for taking bribes and associating with political fraudsters.
  • Wang's case has been turned over to prosecutors; the exact amount of bribes wasn't disclosed, but his illegal gains were confiscated.
  • The investigation into Wang, announced in February, is part of a broader anti-graft sweep in China's energy sector.
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Who’s Who
China National Petroleum Corporation
China National Petroleum Corporation (CNPC) is China's largest oil and gas producer. Its former chairman and Communist Party chief, Wang Yilin, has been expelled from the party for accepting bribes and other violations. The Central Commission for Discipline Inspection (CCDI) announced an investigation into Wang in February, part of a broader anti-graft campaign in the energy sector. Wang held senior positions at CNPC and became chairman in 2015 before retiring in January 2020.
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What Happened When
January 2020:
Wang Yilin retired from his positions as chairman and party secretary of CNPC.
February 2024:
The CCDI announced an investigation into Wang Yilin for corruption.
July 31, 2024:
The CCDI announced Wang Yilin's expulsion from the Communist Party for accepting bribes and associating with political fraudsters.
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