Shanghai prosecutors have charged former property tycoon Zhou Zhengyi with misappropriation of funds, bribery and forging value-added tax receipts, said a government source.
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Lifestyles of the rich and
Results tagged “zhouzhengyi”
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Today's Links: Missiles, Microraptors and Roujiamo
"'What needs to be stressed is that China has always advocated the peaceful use of space, opposes the weaponisation of space and arms races in space.'"
"China will not loosen its one-child policy, despite a top family planning official’s acknowledgment Tuesday that it was partly to blame for a worsening problem of too many boy babies and not enough girls in the world’s most populous nation."
"'Hawks say (the missile) boosting (Chinese) spirits, strengthens our country's power, not to mention that others are also doing it; Doves say this violates the outer space treaty, increases international distrust, and might cause a new round of outer space weapon competition.'"
"The Chinese broadcasting monitor has called for only 'ethically inspiring' television shows during prime time to foster national harmony before a major meeting of the ruling Communist Party..."
"Chinese scientists have found fossil remains of a four-winged dinosaur called a Microraptor, with feathers on both its forelimbs and hind limbs. ... Six fossilized specimens were found in Liaoning Province in northeastern China. They are dated between 124 million to 128 million years."
"The Beijing drive-through, which opened Friday, is the first in McDonald's venture with China Petroleum and Chemical Corp. Jeffrey Schwartz, McDonald's China chief executive, said 25 to 30 more joint sites would open in the next 12 to 18 months."
"Sony BMG Music Entertainment and Warner Music Group have partnered with a joint venture operating in China that develops technology for distributing music downloads and other content to mobile phones, the record companies said Tuesday."
"... 'The Place Hotel & Spa' is expected greet customers at an average price of 350 US dollars per night, much more expensive than the current 220 dollar average among Shanghai's five-star hotels. Located in downtown Jing'an District, the hotel is tucked amidst a group of high-end hotels ..."
"When new ticketing machines go into use at Metro stations around the city, passengers will be able to buy tickets with bankcards, not just coins, notes or a public transport card."
"China's new bullet trains will make their debut runs between Shanghai and two nearby cities on Sunday, the Shanghai Railway Administration confirmed yesterday."
"Prosecutors discovered that Zhou was suspect of bribery and falsification of value-added tax invoices during their investigation into the city's pension fund scandal, the Procuratorate said."
"If you don’t have the fortune of knowing what roujiamo is, check out these photos. If you detest the vile weed as much as I do, you’ll also want to make sure you know how to tell them to hold the cilantro."
"So there I was in my basement in my underwear eating a bag of Cheetos and downing a six-pack of Mountain Dew wondering how I could date an Asian woman. I had seen enough cute Asian girls in kung fu movies, hadn’t I?"
"Let's keep a few things in perspective. Rui is no 'ordinary grass-roots Chinese person.' I first met him not in Beijing but in Davos, Switzerland at the World Economic Forum."
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Lifestyles of the rich and famous incarcerated
Today is one of those days where count our blessings that we are not rich and powerful and have never once (OK, once) been called a "tycoon." If those words describe you (and you are Chinese and corrupt and/or friendly with the corrupt) then you may not be free to breath in Shanghai's fresh sea air much longer. Just ask Zhou Zhengyi (also known as Chau Ching-ngai), who in 2002 was called China's 11th richest man with a fortune estimated at US$320 million. He was released from prison in May after serving a three-year sentence for fraud and securities manipulation, then detained again in October and formerly arrested yesterday on charges of bribery and using phony tax receipts. Someone needs to update his Wikipedia page.
Demonstrations in Shanghai; corruption probe deepens
From AsiaNews' report we discovered that all the fun stuff happens in Shanghai while we are on vacation:
Shanghai (AsiaNews/Agencies) – Shanghai residents have seized the opportunity to take to the streets to protest against corruption after the sacking of some of the city's top Communist Party bosses. Chen Liangyu, Shanghai’s party secretary, and other officials have lost their job on charges of corruption and this has inspired city residents to air unresolved grievancesmore ›
A tale of two people: Zhou Zhengyi and Zheng Enchong
Shanghaiist is no law expert, but we just learned that there are no extradition agreements between China and Hong Kong. Back in 2003, the property tycoon (and then richest man in Shanghai at $320 million USD) Zhou Zhengyi was arrested in Shanghai for falsely reporting the holdings of his company as well as manipulating stock prices, and got slammed with a three year sentence. Here's basically what happened:
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