From BBC News: Shanghai’s ex-Formula One chief, who was jailed for corruption last week, intends to appeal against his sentence, his lawyer has said. Yu Zhifei, credited with bringing Formula One to China, was given four years in jail for embezzling funds from a football club he ran in the 1990s. His lawyer Zhang Tiefeng […]
From AFP: The man who helped bring Formula One racing to China was sentenced on Thursday to four years in jail, the latest casualty of a massive Shanghai corruption scandal, state press and a court official said. Yu Zhifei, 55, was sentenced after being found guilty of embezzling 1.05 million yuan (around 140,000 dollars) in […]
From BBC News: More than 50 people have been detained in Shanghai’s widening pension fund corruption scandal, a Beijing-funded Hong Kong newspaper has reported. Several senior Shanghai officials and businessmen have already been implicated in the alleged misuse of the multi-million dollar fund. One of the country’s richest men, Zhang Rongkun, was arrested at the […]
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