Shanghai's mayor
Han Zheng said Sunday the city has retrieved
every cent that was siphoned off the Shanghai social security fund
for illicit loans and investments last year.
"We have secured retrieval in full amount the embezzled social
security fund in line with relevant laws and regulations," Han said
in his government work report to the ongoing municipal parliament
session.
Following last year's pension scandal that involved 3.2 billion
yuan (US$407.6 million) and brought down Shanghai's former party
chief Chen Liangyu, the city had set up a working panel to help the
central government investigators trace the misappropriated fund,
said Han, also acting secretary of the Shanghai municipal committee
of the Communist Party of China.
He said Shanghai has a lesson to learn from the pension scandal.
"It revealed systemic defects and management loopholes.
We must take the problems seriously, draw a lesson and improve
our work."
In the wake of the scandal, he said the Shanghai government has
given top priority to the fight against corruption, tightened
supervision of officials and improved transparency. "We have to
strengthen the supervision system, follow closely established rules
and procedures and check power abuse to prevent recurrence of such
scandals," said Han.
The Shanghai scandal last September also involved former top
statistician Qiu Xiaohua and dozens of city officials and business
people.
(Xinhua News Agency January 28, 2007)