21世纪经济报道·2026-01-14 13:21Core Viewpoint - The article discusses the increasing efforts of China's disciplinary inspection and supervision agencies in combating cross-border corruption, highlighting the case of Li Yong, a former executive of China National Offshore Oil Corporation (CNOOC), who was investigated for serious corruption issues related to overseas projects [1][5][18]. Group 1: Case of Li Yong - Li Yong, who worked in the oil sector for nearly 40 years, was suspected of serious corruption, particularly in overseas projects, where he concealed large amounts of bribe money [3][5]. - The investigation into Li Yong was initiated after receiving tips about his suspicious activities, leading to a comprehensive analysis of his business dealings and the use of data technology to uncover evidence [5][9]. - Li Yong had a close relationship with a businessman named Ren Fengde, who acted as a "white glove" to facilitate bribe payments, allowing Li to distance himself from direct involvement [7][9]. Group 2: Mechanisms of Corruption - Li Yong engaged in corrupt practices by inflating transaction costs and allowing unreasonably high commissions in overseas projects, which he believed were well-concealed [11][14]. - In one instance, he received a "thank you fee" of several million dollars from an agent after helping them win a bid, which was then funneled through offshore accounts to obscure its origin [9][10]. - The investigation revealed that Li Yong's corrupt activities not only harmed state interests but also involved threats from agents when he attempted to negotiate lower commissions [13][14]. Group 3: Legal Consequences and Recovery of Assets - Following the investigation, Li Yong was sentenced to 14 years in prison and fined 3 million RMB for accepting bribes [15][18]. - The disciplinary agencies successfully recovered all of Li Yong's overseas illicit funds, demonstrating a commitment to tackling both domestic and international corruption [18]. - The case exemplifies the ongoing efforts to enhance international cooperation in anti-corruption measures and the use of technology to track and recover illicit assets [18].