Four linked to pension scandal tried

PUBLISHED : Friday, 21 September, 2007, 12:00am
UPDATED : Friday, 21 September, 2007, 12:00am

Four businessmen implicated in Shanghai's pension fund corruption case have been tried, mainland media said yesterday, but no verdicts were announced.

A court in Changchun , Jilin , this week tried Wu Minglie , former chairman of property developer New Huangpu Group, for allegedly taking 10 million yuan in bribes to put his firm under the control of China Huawen Investment Holding, a unit of the People's Daily Group, Caijing magazine said. The person who allegedly gave the bribe - Wang Zheng, Huawen's former vice-president who became chairman of New Huangpu's listed arm - was to go on trial.

Courts have also reportedly tried former Huaan Fund Management general manager Han Fanghe and former president of toymaker Shanghai Haixin Group, Yuan Yonglin , for allegedly receiving bribes from Zhang Rongkun .