Top China leader fired for graft
By Wang Yi,WNS Shanghai Correspondent
SHANGHAI - The most senior Chinese Communist Party official in Shanghai has been sacked for corruption, state media reported. Party secretary Chen Liangyu was dismissed after a high-level probe into alleged misuse of the city's pension fund, Xinhua news agency said. He has also been suspended from the Politburo, the party's top leadership council, Xinhua added.
Mr Chen is the most senior official to be sacked since President Hu Jintao became party secretary in 2002. The government investigation has centred on the alleged misuse of at least one third of the 10bn yuan ($1.2bn) pension fund to make illegal loans and investments in real estate and other infrastructure deals.
Chen Liangyu, 60, is accused of seeking benefits for companies and relatives and protecting people around him "who had seriously violated discipline and law", Xinhua reported. His case has "created an odious political influence," the report added. Chen Liangyu has been temporarily replaced by Shanghai Mayor Han Zheng, Xinhua reports.
posted by wnsworld @ 5:47 PM
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