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  • Dec 29, 2014
  • Updated: 12:49pm

Company official to face trial in graft case

PUBLISHED : Friday, 28 March, 2008, 12:00am
UPDATED : Friday, 28 March, 2008, 12:00am

A former top official with a Shanghai state company has been stripped of his Communist Party membership and will face prosecution for his involvement in a corruption case, state media reported yesterday.

Wang Weigong, former deputy general manager of the Shenergy Group, was arrested in July in a case involving misappropriation of Shanghai's pension fund.

Wang was the former secretary of vice-premier Huang Ju, who died last year, while Huang was Shanghai's party secretary.

Wang was accused of abusing his power and accepting bribes in return for personal benefit. He also lived an 'extravagant and degraded life', according to the Ministry of Supervision and the Central Commission of Discipline Inspection.

His case had been transferred to prosecutors, reports said.

Wang allegedly took more than 9 million yuan (now HK$10 million) in bribes from Shanghai tycoon Zhang Rongkun in return for introducing the businessman to several government officials.

Zhang, former chairman of Shanghai Fuxi Investment and a director of Shanghai Electric, was arrested in July for allegedly accepting a loan of more than 3 billion yuan from the social-security fund in 2002.

His trial was held in Jilin province at the end of last year, but a verdict has not been handed down.

Chen Liangyu , the former party secretary in Shanghai, went on trial in the No2 Intermediate People's Court in Tianjin on Tuesday, but the court has yet to announce a verdict.

Xinhua reported yesterday that Chen was charged with taking bribes, abuse of power and dereliction of duty. Chen admitted his responsibility to the court, it said.

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