A former PetroChina executive was sentenced on Thursday to over a decade in prison on corruption charges.
According to an official statement Reuters, the Dezhou Intermediate People’s Court sentenced former PetroChina vice chairman Liao Yongyuan to 15 years in prison after he was found guilty of bribery..
The court said that Liao abused his positions in the energy industry and collected about $1.95 million in bribes between 2003 and 2015.
The court also said that Liao was unable to account for how he received assets worth about $3.05 million.
According to the Indian Express, the court also found that Liao took advantage of his position in the energy industry to aid others with business activities and to win promotions from 1997 to 2014.
Liao was also fined $220,000 by the court and ordered that all the unaccounted for funds be surrendered to the state, the Indian Express said.
An anti-corruption watchdog connected to China’s ruling Communist Party had previously told Reuters that Liao was being probed for disciplinary violations that may have occurred while he served as general manager of China National Petroleum Corporation.
According to the court statement seen by Reuters, Liao repented and confessed to the charges.
Liao was the second-highest ranking official at PetroChina before his arrest.
He resigned from his posts as the company’s vice chairman and a non-executive director in 2015, Reuters said.
Liao is the latest high-ranking official to be imprisoned as part of a sweeping corruption probe that began when President of the People’s Republic of China Xi Jinping took office in 2013.