16 April, 2014 AsiaNews.it Twitter AsiaNews.it Facebook            

Help AsiaNews | About us | P.I.M.E. | | RssNewsletter





mediazioni e arbitrati, risoluzione alternativa delle controversie e servizi di mediazione e arbitrato
e-mail this to a friend printable version


» 09/25/2006 11:07
CHINA
Shanghai party secretary sacked for stealing 33 million euros

The Party's central leadership forced Chen Liangyu, leader of the CPC in Shanghai, to step down after he was accused of involvement in a scandal about the alleged misuse of city pension funds.



Shanghai (AsiaNews/Agencies) – The central leadership of China's Communist party has forced the party secretary of Shanghai, Chen Liangyu, to step down over a scandal involving alleged misuse of city pension funds.

Xinhua News Agency said in a bare one-line announcement: "Shanghai Party chief sacked for pension scandal."

Last month the central authorities launched a top-level investigation into Communist leaders' involvement in the "disappearance" of more than 10 billion yuan [around one billion euros] of a city pension fund.

According to the evidence, Chan illegally invested nearly one-third of the whole sum for personal use. The inquiry revealed that the city's labour chief, a district governor and several prominent businessmen were also involved.

Shanghai is the economic and financial hub China, but it also leads the way in corruption cases among Communist leaders.

Corruption represented between 3.0 and 5.0 per cent of China's GDP, or between 409 and 683 billion yuan in 2004, the Organisation for Economic Cooperation and Development (OECD) said in a report last year.

"There were big increases in corruption from 1987-1992 which was linked to the transition process of the economy," Janos Bertok, co-author of the report, said. "For the rest of the 1990s the level of corruption did not let up. . . .  As China's economy grows the opportunities for corruption also grow."

In the first half of 2003 alone more than 8,300 officials fled the country and another 6,500 disappeared within China to escape prosecution for corruption and embezzlement.

"Roughly two-thirds of the fugitives were senior executives of state-owned enterprises [and] between US$ 8.75 billion and US$ 50 billion were supposedly brought out of the country in recent years," the report said.

According to official source, the number is growing up.


e-mail this to a friend printable version

See also
05/13/2009 CHINA
Fresh set of arrests for corruption targets Guangdong security chiefs
09/27/2006 CHINA
Party Central Committee to meet in October to launch Hu Jintao's "harmonious society"
05/09/2007 CHINA
CP congress starts in Shanghai
04/08/2008 CHINA
The 16th richest man in China found guilty of corruption
02/06/2006 China
Clashes in rural Guangdong: the police stands by and watches

Editor's choices
SYRIA
I will miss you Fr Frans, you inspired us all, says Syrian Jesuit
by Tony Homsy*A young priest from the Society of Jesus remembers the life and work of Fr Frans van der Lugt, who was killed in Homs after he refused to abandon residents beleaguered by hunger and war. "He gave and continues to give everything for the Church, Syria, and peace. His story and qualities made him an exceptional missionary and witness to the Gospel." Reprinted courtesy of 'The Jesuit Post'.
FRANCE - IRAQ
Chaldean Patriarch on the uncertain future of eastern Christians, a bridge between the West and Islam
by Mar Louis Raphael I SakoThe wars in Iraq, Libya and Afghanistan have made things worse for their peoples, especially minorities. As Western policies have been a failure, fundamentalism has grown with the Arab Spring losing out to extremism. Muslim authorities have a role in protecting rights and religious freedom. The presence of Christians in the Middle East is crucial for Muslims.
CHINA - EUROPEAN UNION
Xi Jinping returns home full of deals and silence
by Bernardo CervelleraThe Chinese president signed agreements worth tens of billions of Euros in France, Germany, the Netherlands, and Belgium. He also stayed clear of any press conference. At the College of Europe in Bruges, he presented his dream of a new trillion-dollar Silk Road. Yet, he also made it clear that at home, the monopoly of power stays with the Party, squashing any dream for political reform in China. On the Internet, netizens disagree with him.

Dossier
by Giulio Aleni / (a cura di) Gianni Criveller
pp. 176
by Lazzarotto Angelo S.
pp. 528
by Bernardo Cervellera
pp. 240
Copyright © 2003 AsiaNews C.F. 00889190153 All rights reserved. Content on this site is made available for personal, non-commercial use only. You may not reproduce, republish, sell or otherwise distribute the content or any modified or altered versions of it without the express written permission of the editor. Photos on AsiaNews.it are largely taken from the internet and thus considered to be in the public domain. Anyone contrary to their publication need only contact the editorial office which will immediately proceed to remove the photos.