Trials Start in China Pension Scandal – Christopher Bodeen

From AP, via Guardian Unlimited:

Trials have begun in a wide-ranging pension fund scandal in China’s business hub of Shanghai that brought down the city’s top official, a magazine reported.

Seven people have been indicted in Shanghai, with the trial of Wang Guoxiong (王国雄), a manager with a city government investment arm, among those already under way, the highly regarded business weekly Caijing reported in its edition published Monday.

Others face trials in the neighboring province of Anhui and the northern province of Jilin, where 14 officials and state industry managers are under indictment, including the head of Shanghai’s social security bureau, it said. [Full Text]


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