China jails three more in Shanghai scandal

By Staff
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Google Oneindia News

BEIJING, Sep 27 (Reuters) China has jailed three more people, including a relative of disgraced Shanghai Communist Party boss Chen Liangyu, for their parts in a financial scandal that rocked the country, Hong Kong media said today.

They were the latest in a string of convictions in the social security fund scandal just weeks before the 17th Party Congress, a warning from President Hu Jintao that he wants wayward officials and potential rivals to fall into line.

Wang Guoxiong, former president of Shanghai Industrial Investment Group, was sentenced to life for taking bribes, illegal acquisitions and share price manipulation, the Beijing-backed Wen Wei Po said.

The court jailed Li Yizeng, a subordinate of Wang, for 15 years for taking bribes of 5 million yuan (5,000), the newspaper said.

Zhu Wenjin, former director of a Shanghai real estate management bureau and a relative of Chen Liangyu, was jailed for 15 years for taking 4 million yuan in bribes, the daily said.

Chen was sacked in September 2006 in a scandal centred on the misuse of Shanghai's social security fund and now faces criminal investigation.

With his grip on China's financial centre, Chen had defied Hu's authority. Hu is now set to consolidate his power at the five-yearly Party congress opening on October. 15.

Earlier this week China jailed six former officials and businessmen, including a former aid to Chen, for taking or giving bribes and misusing Shanghai's social security fund.

REUTERS ARB PM1035

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