Chinese official admits corruption

An official who led China’s biggest petroleum company and was later assigned to oversee state-owned companies has admitted in court he was guilty of corruption and abuse of power.

“My family property went far beyond what my legal income could afford,” said Jiang Jiemin, according to a statement posted on the microblog of the Hanjiang Intermediate People’s Court in Hubei. “I admit my crimes and express my regret.”

The hearing ended and a date for sentencing was not announced.