Xin Lang Cai Jing·2026-01-14 12:54Core Viewpoint - The article discusses the corruption case of Li Yong, former Deputy Secretary of the Party Group and General Manager of China National Offshore Oil Corporation (CNOOC), highlighting his involvement in cross-border corruption and the subsequent investigation by the Central Commission for Discipline Inspection and National Supervisory Commission [1][20]. Group 1: Corruption Details - Li Yong was responsible for overseeing numerous overseas projects for CNOOC, where he engaged in corrupt practices, particularly through inflated commissions paid to foreign agents [20][22]. - In one overseas technical service project, CNOOC's subsidiary paid unreasonable high commissions to an agent named Sun, which Li initially attempted to negotiate down but ultimately accepted bribes from [22][24]. - Li's actions included receiving cash in a box from Sun, indicating a direct exchange of money for favorable treatment [24][26]. Group 2: Investigation and Consequences - Following his retirement in October 2023, Li Yong faced an investigation after being alerted to the detention of a businessman involved in corrupt dealings with him, leading to his panic and an attempt to destroy evidence [32][34]. - He was subsequently detained and found guilty of using his position to benefit others while accepting large sums of money, resulting in a 14-year prison sentence and a fine of 3 million RMB [34][36]. - Li expressed regret over his actions, stating that he has lost everything and feels a sense of despair over his legacy [37].