The All-China Youth Federation (ACYF) on Wednesday expelled two
former assistants of disgraced officials Chen Liangyu and Zheng
Xiaoyu, and penalized one of China's richest men.
The assistants were Cao Wenzhuang, former director of the drug
registration department of the State Food and Drug Administration
(SFDA), and Qin Yu, former deputy Party secretary of the Shanghai's
Baoshan District.
Shanghai tycoon Zhang Rongkun was dismissed from his post as a
standing committee member of the ACYF.
The ACYF announced the decision at Wednesday's standing
committee session.
Cao, who was detained in January 2006 on suspicion of bribery,
had worked as secretary to Zheng Xiaoyu, the former head of China's
pharmaceutical watchdog who is under investigation by the Communist
Party of China (CPC) Central Commission for Discipline Inspection,
prior to becoming the department director at the SFDA.
Qin Yu was dismissed from his post for allegedly being involved
in the misuse of the Shanghai social security fund last August,
which later brought down Shanghai party chief Chen Liangyu.
Shanghai tycoon Zhang Rongkun, chairman of the Fuxi Investment
Holding Co., Ltd., who was ranked China's 16th richest man by
Forbes magazine last year with a fortune of US$605 million, was the
first person arrested in the Shanghai social security fund
scandal.
Zhang was also dismissed from his post as a member of the
National Committee of the Chinese People's Political Consultative
Conference in October last year.
(Xinhua News Agency January 25, 2007)