China's ex-state assets chief jailed for 16 years

A Chinese court on Monday sentenced Jiang Jiemin, former chief of the state-owned Assets Supervision and Administration Commission, to 16 years in prison for accepting bribes.

Apart from accepting bribes, Jiang, 60, was found guilty of holding huge amount of property with unidentified sources and abusing power, Xinhua news agency reported.

His personal assets worth 1 million yuan (about $160,000) were also confiscated, the Hanjiang Intermediate People's Court said.

Jiang was chief of the board of China National Petroleum Corporation (CNPC) before working for the state-assets commission in March 2013.

The court also ordered to confiscate other property he took as bribes or with unidentified sources as well as illegal earnings others got with his help.

Jiang accepted his sentence and will not appeal.

The court found that Jiang had received 14 million yuan in bribes between 2004 and 2013 to help others get construction contracts and job promotions.

By the end of August 2013, his personal and family property exceeded the legitimate earnings and he had 14.8 million yuan unaccounted for, the court added.