Not everything is known about the re-emergence of former minister of the statistics bureau, now working as a senior researcher for a CNOOC unit. Probably more to come. Translated by CDT, from Oriental Web: Many wondered if any...
From Shanghai Daily: The son of Shanghai’s former Party chief Chen Liangyu was jailed for three years in Tianjin yesterday, with four years’ probation, over his involvement in the infamous Shanghai pension-fund...
From Reuters: A Chinese court on Sunday rejected an appeal against a 19-year jail term handed down to a tycoon embroiled in a huge Shanghai social security fund scandal, a financial magazine said in its online edition. Once one...
From Caijing Magazine: On April 4, the gavel came down for the sentencing of Chen Liangyu. This former member of the Politburo and one-time Shanghai party secretary will spend 18 years in prison after being found guilty of...
From Reuters: Shanghai’s disgraced Communist Party chief, jailed for 18 years this month for corruption, has decided not to appeal, state media said on Tuesday. Chen Liangyu was found guilty of taking bribes and abuse of...
The New York Times reports on Chen Liangyu, saying “His downfall, after China’s top leaders decided to challenge his lock on power in his prosperous and politically powerful coastal city, is the fallout of an elite...
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...
From China Daily: The first hearing of the city’s former Party secretary Chen Liangyu, who was axed for corruption two years ago, has concluded in Tianjin, the media reported Thursday. At the hearing, 62-year-old Chen, the...
The Wall Street Journal reports on a Party-produced documentary about the men behind the Shanghai pension fund scandal: Middle-aged men, behind bars and dressed in prison uniforms, wipe away tears as they admit on camera to...
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 […]
This is Qin Yu (秦裕), yet another domino tile among the many downed in the Shanghai pension fund scandal following the downfall of former Shanghai Party chief Chen Liangyu. Translated by CDT from Xinhua: Known as Shanghai’s “super secretary (上海第一秘)” and “one-month district governor (一个月区长),” Qin Yu served as secretary to Chen Liangyu when Chen […]
From Shanghai Daily: The trial of a key figure in Shanghai’s pension scandal started in northeastern China’s Jilin Province yesterday morning. Zhang Rongkun, 39, appeared in the Intermediate Court of Songyuan City, Jilin, at 8:40am charged with bribing high-ranking officials to illegally obtain more than three billion yuan (US$405 million) in loans from the pension […]
From AFP: An official in one of China’s southern economic hubs has gone on trial for misusing around 100 million dollars of the city’s pension funds, state press reported Wednesday. Liu Yuhong (ÂàòÈõ®ÂÆè), who went on trial on Tuesday, is one of at least 18 people to face criminal charges in Guangzhou, the capital of […]
From Caijing Magazine: Six more former officials involved in the massive Shanghai pension fund scandal were pronounced guilty on September 25. Qin Yu, former chief of Shanghai’s Baoshan District and a major aide of former Shanghai party boss Chen Liangyu, was ruled life imprisonment by an intermediate court in Jilin Province. Sun Luyi, former deputy […]
From People’s Daily Online: The Shanghai Municipal People’s Procuratorate has charged property tycoon Zhou Zhengyi with misappropriation of funds, bribery and forging VAT receipts, a procuratorate source said on Friday. Zhou, former president of Shanghai-based property firm Nongkai Development Group, was released from prison in May 2006 after completing a three-year sentence for fraud and […]
From Caijing Magazine: In an apartment in the Luwan district of Shanghai, an old couple has saved a well-worn newspaper dated July 27, 2007. The headline reads, “China’s Central Commission for Discipline Inspection Answers Reporters on Chen Liangyu’s Serious Violation of Principles.” “We know nothing more than what was printed in the paper,” said the […]
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 (ÁéãÂõΩÈõÑ), a manager with a city government investment arm, among those already […]
From The Financial Times: The former political secretary to a member of China’s politburo has been detained in a widening probe over misuse of Shanghai’s pension funds, elevating the scandal for the first time into the inner-circle of the Chinese leadership. The detention of Wang Weigong, reported by a Chinese financial magazine on Friday, comes […]
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