Flies and Tigers | 鎶撹潎鎵撹檸
Guilty plea in bribes case worth US$1.98m
Print Edition
THE former general manager of China National Petroleum Corp, Liao Yongyuan, pled guilty to accepting bribes when he appeared at Dezhou Intermediate People’s Court in east China’s Shandong Province yesterday.
Liao had been charged with helping others with business operations and promotions, and directly or indirectly accepting assets worth over 13.39 million yuan (US$1.98 million) between 1997 to 2014.
Liao was also accused of having property worth 21.03 million yuan from unidentified sources.
The court heard that he had held multiple positions in the company before serving as assistant general manager, vice general manager and general manager.
The court will announce its ruling at a later date.
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