Two more businessmen have been taken into custody in Shanghai over their alleged involvement in a massive corruption case, local media said yesterday, as the impact of the sacking of party secretary Chen Liangyu continues to reverberate. Authorities arrested Li Songjian , former chairman of the Mingyuan Group, on suspicion of misusing public funds, the Wen Hui Daily reported, but gave no details. The Shanghai branch of the Chinese People's Political Consultative Conference, an advisory body to the local legislature, had also revoked his membership, it said. A mainland newspaper reported in October that Mr Li was 'missing', but the latest reports indicated that he had been arrested. Mingyuan is a main shareholder of power equipment maker Shanghai Electric Group, which has already been implicated for illegally using money from Shanghai's pension fund. Mr Li, 45, was also a non-executive director of Shanghai Electric, the company said in a statement. At least three other Shanghai Electric officials have already been implicated in the pension scandal. The Shanghai party secretary was removed from office for diverting money from the pension fund to friends, relatives, companies and projects linked personally to him. A local newspaper said yesterday that plans to build the world's largest Ferris wheel in Shanghai, a project identified with Chen, had been scrapped. Separately, authorities detained Tang Haigen , the former chairman of domestically listed Shanghai Hainiao Enterprise Development and general manager of Shanghai Agriculture Investment, for misappropriating funds. Both companies are linked to the Nongkai Development Group, the flagship company of disgraced property developer Chau Ching-ngai. Mr Tang was also removed from the Chinese People's Political Consultative Conference. Allegations about Mr Tang, 49, surfaced as early as 2003. His sister is believed to be married to the brother of Mr Chau, who was recently arrested after finishing a three-year jail term for manipulating stock prices and falsifying the registered capital of his companies. Mr Chau's rearrest followed the sacking of the Shanghai party secretary. The two have been linked through property deals. Authorities also recently arrested an official at a detention centre where Mr Chau was held for giving the tycoon special treatment in return for bribes.