Former Chinese oil executive jailed for 12 years for corruption

    SHANGHAI: A former top official of the state-owned China National Petroleum Corp (CNPC) was sentenced to 12 years for corruption on Thursday, the latest prison term meted out to allies of the country’s jailed ex-security chief. Liao Yongyuan, the former CNPC general manager, was also fined 1.5 million yuan ($220,000) for taking bribes […]