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Shanghai scandal 'implicates 50' Shanghai scandal 'implicates 50'
(10 minutes later)
More than 50 people have been detained in Shanghai's widening pension fund corruption scandal, a Beijing-funded Hong Kong newspaper has reported.More than 50 people have been detained in Shanghai's widening pension fund corruption scandal, a Beijing-funded Hong Kong newspaper has reported.
Several senior Shanghai officials and businessmen have already been implicated in the alleged misuse of the multi-million dollar fund.Several senior Shanghai officials and businessmen have already been implicated in the alleged misuse of the multi-million dollar fund.
One of the country's richest men, Zhang Rongkun, was arrested at the weekend.One of the country's richest men, Zhang Rongkun, was arrested at the weekend.
On Sunday, President Hu Jintao said the Communist Party was determined to root out corruption.On Sunday, President Hu Jintao said the Communist Party was determined to root out corruption.
"We are stepping up efforts to improve the rule of law and a culture for clean and honest government, and strengthen the checks and supervision on power," he said."We are stepping up efforts to improve the rule of law and a culture for clean and honest government, and strengthen the checks and supervision on power," he said.
He also appealed for party unity at a rare joint public appearance with his predecessor Jiang Zemin.He also appealed for party unity at a rare joint public appearance with his predecessor Jiang Zemin.
The first high-profile head to roll in the pensions scandal was Chen Liangyu, an ally of Mr Jiang who was dismissed from his post as chief of the Communist Party in Shanghai last month.The first high-profile head to roll in the pensions scandal was Chen Liangyu, an ally of Mr Jiang who was dismissed from his post as chief of the Communist Party in Shanghai last month.
Other leading figures tainted by the case include the head of Formula One in China, Yu Zhifei, who has been questioned by the authorities, and the country's chief statistician Qiu Xiaohua who was dismissed from his post.Other leading figures tainted by the case include the head of Formula One in China, Yu Zhifei, who has been questioned by the authorities, and the country's chief statistician Qiu Xiaohua who was dismissed from his post.
Anti-corruption investigationAnti-corruption investigation
Zhang Rongkun, believed to be the 16th richest man in China with a $600m fortune, was arrested by "relevant law enforcement authorities", his own firm Fuxi Investment said in a brief statement on Saturday.Zhang Rongkun, believed to be the 16th richest man in China with a $600m fortune, was arrested by "relevant law enforcement authorities", his own firm Fuxi Investment said in a brief statement on Saturday.
Hong Kong's Ta Kung Pao newspaper reported on Monday that more than 50 other businessmen and government officials were being held over the scandal. It did not give any further details.Hong Kong's Ta Kung Pao newspaper reported on Monday that more than 50 other businessmen and government officials were being held over the scandal. It did not give any further details.
SHANGHAI PENSIONS SCANDAL Labour and social security chief, Zhu Junyi, sackedDistrict governor, Qin Yu, sackedCity's top Communist Party official, Chen Liangyu sackedMunicipal committee's vice-secretary general, Sun Luyi, sackedHead of city's F1 motor racing circuit, Yu Zhifei, questionedHead of China's National Bureau of Statistics, Qiu Xiaohua, (pictured) sacked One of China's richest men, Zhang Rongkun, arrested href="/1/hi/world/asia-pacific/5378532.stm" class="bodl">Beijing power play SHANGHAI PENSIONS SCANDAL Labour and social security chief, Zhu Junyi, sackedDistrict governor, Qin Yu, sackedCity's top Communist Party official, Chen Liangyu sackedMunicipal committee's vice-secretary general, Sun Luyi, sackedHead of city's F1 motor racing circuit, Yu Zhifei, questionedHead of China's National Bureau of Statistics, Qiu Xiaohua, (pictured) sacked One of China's richest men, Zhang Rongkun, arrested