Former Sinopec manager charged with bribery
(chinadaily.com.cn)
Updated: 2006-02-10 16:42

A former manager of China Petroleum & Chemical Corp (Sinopec) has been charged with taking a bribe worth roughly 2,000,000 yuan (US$250,000) and will face trial in Beijing's Second Intermediate Court. Chen Xiaoli and Lu Jianbo, who were suspected of bribing the manager, are also under indictment.

Before her indictment, 42-year-old Li Jingning served as a trader in the Equipment Material Commerce Company and a manager in the International Business Cooperation, both subsidiary companies of Sinopec.

According to the prosecutors, Li took the advantage of her post and business transactions with Chen Xiaoli, one of the bribers, to pocket insurance kickbacks worth more than 1,180,000 yuan (US$260,000) from September 1997 to August 2003, violating duty regulations.

But the prosecutors haven't explained why they have waited more than nine years to charge Li.

From January to March 1999, while in charge of her cooperation's transportation business, Li received US$57,000 in kickbacks and 100,000 yuan when she conducted business with Lu Jianbo, the other briber. On January 2002, Li also laundered 250,000 yuan (US$30,000), which was public money from the cooperation.