According to the BBC, the supervision ministry blamed Jiang for serious violation of discipline.
Jiang was head of the China National Petroleum Corporation (CNPC), which has faced a number of corruption allegations, until March.
President Xi Jinping had vowed to eradicate corruption in China immediately after he came to power.
There is another high-profile case going on against disgraced senior party official Bo Xilai, who was put on trial for bribery, embezzlement and abuse of power.
--ANI (Posted on 02-09-2013)