From Caijing Magazine:
The Shanghai pension fund scandal that came to light in the summer 2006 involved some 30 people including major political figures, senior managers at state-owned enterprises and wealthy businessmen. After a lengthy process spanning nearly two years of investigations and hearings, the culmination was reached March 25, the opening day of trial for Chen Liangyu.
The previous afternoon, the 61-year-old Chen was brought under guard from Beijing’s Qincheng Prison to a courtroom Tianjin. The judicial proceedings came 18 months after he fell from power for his involvement in the pension scandal and was removed from public sight after serving as a prestigious member of the national Politburo and secretary-general of the Communist Party in Shanghai.
As the most senior official among those implicated in the far-reaching scandal, Chen’s trial marked the beginning of closure for a deep scar of corruption that rocked China.
Read also The Trial of Chen Liangyu by Hanwei.
