Beijing, March 19 (IANS): Jiang Jiemin, former head of the state-owned Assets Supervision and Administration Commission, has been indicted on suspicion of corruption, the Supreme People's Procuratorate (SPP) announced on Thursday.

The SPP has completed its investigation into Jiang and transferred his case to the Hanjiang branch of the Hubei People's Procuratorate, state-run Xinhua news agency reported.

The latter filed the charges with the Hanjiang Intermediate People's Court on Thursday, according to an SPP statement.

Prosecutors accuse Jiang of taking bribes, abuse of power and owning property that he could not possibly have afforded on his legitimate earnings. They believe he took advantage of his posts to seek profit for others, taking a huge amount in bribes, when he worked with the China National Petroleum Corporation and PetroChina Company Limited.

Jiang's actions caused major losses to state assets, the statement added.

It did not provide any details on how the prosecution would progress.

Jiang was placed under investigation and removed from public office in September 2013 and stripped of his membership of the Communist Party of China in June 2014.