28 July, 2015 AsiaNews.it Twitter AsiaNews.it Facebook            

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






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


» 09/25/2006
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
ISRAEL - IRAN
After nuclear deal, Israel ought to become Iran’s best ally
by Uri AvneryThis is the thesis of Uri Avnery, leader of Gush Shalom, a major supporter of peace between Israelis and Palestinians. According to the great statesman and peace activist, Iran only wants to be a regional power in the Islamic world, able to trade with everyone, inspired by a sophisticated experience that goes back thousands of years. Iran, which faces backward-looking Gulf monarchies and emirates, could be a great ally against Daesh. Meanwhile in Israel Netanyahu, politicians and the media continue to blunder.
ASIA
PIME in China: new men in new facilities
by Piero GheddoThe mission in China is possible. It should focus more on educational facilities. Old and new martyrs offer a role model. Here is a commented review of a letter the PIME superior general sent out to his confreres after a trip to China.
EUROPE – ISLAM
For Nîmes imam, the Islamic State group kills Christians, but also threatens Islam in Europe
by Hocine Drouiche*Political Islam is becoming a "thuggish Islam," one that values ​​lying, hate, and enmity. Christians and the West are its enemies. However, Islam has had periods in which dialogue, reason, encounter, assimilation were held in high esteem. The belligerent Islam that fascinates so many young people is the result of myths and manipulations and causes Islamophobia. It is time to create and develop Europe’s own Islam, one that guarantees freedom of conscience and coexistence with Christians and Jews. Solving the Palestinian problem requires dialogue.

Dossier

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.