e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

Latest Update
10th NPC & CPPCC, 2007> Latest Update
UPDATED: March 2, 2007 from china.org.cn
Nine Officials Related to Pension Fund Scandal Expelled from Party
The three officials were accused of taking huge bribes, immoral behavior and leading decadent lifestyles, according to the decision...
Share

The Shanghai Commission for Discipline Inspection of the Communist Party of China (CPC) and the Shanghai Commission of Supervision announced Friday nine officials involved in the Shanghai pension fund graft probe have been expelled from the CPC and their posts.

The expelled officials include Zhu Junyi, former director of the Shanghai Municipal Bureau of Labor and Social Security, Qin Yu, former deputy secretary of the Shanghai's Baoshan District CPC Committee, and Sun Luyi, former deputy secretary-general of the CPC Shanghai Municipal Committee.

The three officials were accused of taking huge bribes, immoral behavior and leading decadent lifestyles, according to the decision.

Others dismissed include Wang Chengming and Han Guozhang, two officials of the Shanghai Electric Group, Wu Hongmei, former deputy director of the State-owned Assets Supervision and Administration Commission of Shanghai Municipal Government, and Wang Guoxiong, former general manager of Shanghai Industrial Investment Group.

The officials will face criminal charges, the commission said.

The decision was made according to Party discipline rules and the Law on Public Servants, and has been approved by the Shanghai Municipal Government and the CPC Shanghai Committee, the commission said.

The Shanghai social security fund scandal is the city's biggest scandal since economic reforms began.

Revealed to the public last year, it involved 3.7 billion yuan (US$474 million), including 3.45 billion yuan (US$442 million) in principal and 250 million yuan (US$32 million) of interest.

The scandal has led to the downfall of over a dozen senior officials and businessmen, including Chen Liangyu, former secretary of the Shanghai Municipal Committee of Communist Party of China (CPC) and Qiu Xiaohua, former head of the National Bureau of Statistics.

In the wake of the scandal, Shanghai set up a working panel to help the central government investigators trace the misappropriated funds.

Shanghai Mayor Han Zheng said in January this year that the city has retrieved all the money siphoned from the Shanghai social security fund for illicit loans and investments last year, and has completely overhauled management of the social security fund.

(Xinhua News Agency March 2, 2007) 



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved