From Economic Observer Online:
More corrupt government officials might be unearthed as a probe into Shanghai-based tycoon Liu Genshan, suspected of embezzlement, continued.
The 51-year-old Liu, known in China as the Highway King, was arrested in early June following a more than year-long investigation into corruption among transportation authorties in Zhejiang, a province bordering Shanghai.
Well-connected with government officials, Liu was the president of Shanghai-based Maosheng Group, a diversified company with interests in highway construction, housing development, investment consultancy, asset management, trading, restaurants, and more. Major assets of the company include four highways in Shanghai, three in Zhejiang, and land properties in downtown Chongqing.
Read also Shanghai ‘highway king’ facing corruption probe: lawyer by AFP, and Another Shanghai Road Baron in Custody from Caijing Magazine.
