Character verdicts in Shanghai social security case

On July 17, 2006, Zhu Junyi, director of the Shanghai Municipal Bureau of Labor and Social Security, was put under quarantine for examination on suspicion of irregularly using 3.2 billion yuan of social security funds, and the Shanghai Social Security Fund case, which involves tens of billions of yuan, surfaced. The central government has reportedly sent an investigation team of more than 100 people to Shanghai in an attempt to thoroughly investigate the case. The inside story of the Shanghai Social Security Bureau's irregular and illegal operations over the years has been revealed.

In March 2002, 30-year-old Suzhou youth Zhang Rongkun to 3.2 billion yuan to take the Shanghai-Hangzhou high-speed Shanghai section of the 30-year toll operating rights, its control of the "Fuxi Investment" has become a Shanghai Bund quite mysterious private enterprises. After two or three years, Zhang Rongkun successive large investments in highways, to June last year, "Fuxi investment" involved in the management of highway mileage has reached 200 kilometers, with a total investment of more than 10 billion yuan, the financial strength and the eye of the peer and shocked and jealous. 2004 Zhang Rongkun's Fuxi investment to participate in the restructuring of the Shanghai Electric, and ultimately contributed 960 million yuan to hold 8.15 percent of the total investment. 960 million yuan to hold 8.15% of the equity to become the second largest shareholder, more investment community many people were shocked. However, with the July 17th Shanghai Labor and Social Security Bureau of the former Secretary Zhu Junyi because of illegal borrowing social security funds were investigated, people immediately see the pry Zhang Rongkun's rapid rise of the lever - social security funds. A few days ago, the Shanghai social security bureau under the "enterprise annuity development center" will be "Fuxi investment" and its shareholders Boiling Point investment to court, requiring the latter two return the borrowed funds in advance, Zhang Rongkun and its Fuxi investment in that year, a large acquisition of highway funding sources! The source of funds of Zhang Rongkun and his Fuxi investment in the year of the large acquisition of highway. "Fuxi" so easily borrowed huge sums of money, can not help but suspect that its own is the Shanghai social security funds illegal investment bridge and tools. According to the indictment submitted by the Shanghai enterprise annuity development center, the annuity development center has 3.45 billion yuan of funds through the entrusted funds operating mode lending to the Fuxi investment and its shareholders Boiling Point Investment, used to acquire highway assets. According to the relevant sources of the Welfare and Insurance Department of the Shanghai Social Security Bureau, by the end of 2005, the funds managed by the Shanghai Annuity Development Center were more than 11 billion yuan, accounting for 1.6% of the total amount of annuities in the country. In other words, 1/3 of Shanghai's supplementary pension insurance funds were lent to Zhang Rongkun for use.

Young Zhang Rongkun is able to borrow a lot of these annuities with strict rules of use, relying on nothing more than power and money transactions. Relevant sources revealed that both the Shanghai Labor and Social Security Bureau Secretary Zhu Junyi's fall or Shanghai Electric's Wang Chengming, South Korea Zhang was "double regulation", and social security funds illegally loaned to the Fuxi investment related to the Fuxi investment to facilitate the Zhu Junyi in the process of receiving a huge amount of benefit fees. Zhu Junyi in charge of the Shanghai Social Security Fund for more than 10 years, business skilful, talking about the function of the social security fund, the management of the way the head, "this technocrat, usually can not see there is a life of rotten, corruption and abuse of the law of the bad traces. However, according to the preliminary investigation of the Commission for Discipline Inspection, Zhu Junyi's degree of corruption is staggering. Including Zhu Junyi to Hong Kong "play" a second- or third-rate movie star, a throw is more than 100,000 Hong Kong dollars. It is reported that the relevant personnel to Zhu family investigation, casually pick up a passbook, the number are in the RMB million dollars or more. Sources revealed that Zhu Junyi use of social security fund in charge of the convenience of private entrepreneurs Zhang Rongkun to open financing channels, Zhang Rongkun also return the favor, not at all in the Zhang Rongkun company Zhu Junyi's wife to open hundreds of thousands of dollars in annual salary. Shanghai social security corruption case exposed the loopholes in the management of public **** fund, but also attracted the attention of the relevant parties. In the recently held national labor security system discipline inspection and supervision work symposium, the Ministry of Labor and Social Security, the Ministry of Supervision, said it will establish a special inspection system, each year to form a joint inspection team, some provinces and municipalities of social security fund levy, payment, management and issuance of special inspections, and directly to the city and county spot checks.

Persons involved

Zhang Rongkun, former chairman of Shanghai Fuxi Investment Holding Co. and a pivotal figure in the Shanghai social security case, was convicted of bribery, securities market manipulation, fraudulent issuance of bonds, and misrepresentation of registered capital in the first trial that began on Dec. 27, 2007, at the Songyuan Intermediate Court in Jilin Province. in June 2008, the second trial handed down a verdict, sentencing him to 19 years' imprisonment and a forfeiture of about 1.6 billion yuan. The company was sentenced to 19 years' imprisonment and confiscated about 1.6 billion yuan.

Zhu Junyi, former director of the Shanghai Municipal Bureau of Labor and Social Security and a key figure in the Shanghai social security case, was found guilty by the Changchun Intermediate Court on Sept. 23, 2007, of three charges: accepting bribes of about 1.6 million yuan, embezzlement of 1 billion yuan, and abuse of power, and sentenced to 18 years' imprisonment for the combination of all the charges.

Lu Qiwei, former head of the Social Security Fund Supervision Division of the Shanghai Labor and Social Security Bureau, was found guilty of accepting a bribe of about 1 million yuan by the Changchun Intermediate Court on Sept. 23, 2007, and sentenced to eight years in prison.

Wu Minglie, former chairman of the New Huangpu Group, implicated in Huawen's takeover of New Huangpu, was found guilty of accepting a bribe of 10 million yuan by the Changchun Intermediate Court on Sept. 23, 2007, and was sentenced to life imprisonment (the Jilin High Court upheld the original sentence in the second trial). The briber, Wang Zheng.

Wang Zheng, former Executive Vice President of China Huawen Investment Holdings Co., Ltd. and involved in Huawen's acquisition of New Whampoa, was found guilty by the Changchun Intermediate Court on September 23, 2007, of paying a bribe of 10 million yuan, the target of which was Wu Minglie. Wang Zheng was sentenced to three years in prison as the person directly responsible for the unit bribe.

Korea Zhang, former vice president of Shanghai Electric (Group) Co., Ltd. involved in the Shanghai Electric case. on September 23, 2007 by the Changchun Intermediate Court found that more than 6 million yuan of bribes, sentenced to life imprisonment. The briber Zhang Rongkun.

Li Songjian, former chairman of Shanghai Mingyuan Group and former non-executive director of Shanghai Electric, was sentenced to one and a half years in prison on September 23, 2007, after being found guilty by the Changchun Intermediate Court of misappropriating 50 million yuan from Shanghai Electric Human Resources Company Limited, a subsidiary of the Shanghai Electric Group, in 2004, and of paying a bribe of 700,000 yuan.

Wang Chengming, the former chairman of Shanghai Electric, involved in the Shanghai Electric case, was found guilty by the Changchun Intermediate Court on December 20, 2007, of embezzling 300 million yuan with Yan Jinbao and Lu Tianming*** and sentenced to a suspended sentence; he was also sentenced to 10 years' imprisonment for accepting a bribe of 210,000 yuan. The two offenses were executed with a suspended death sentence (Jilin High Court of the second trial to maintain the original sentence). Bribe payer Zhang Rongkun.

Sun Luyi, former deputy secretary-general of the Shanghai Municipal Party Committee, Shanghai Municipal Party Committee Director of the General Office of the Shanghai Municipal Party Committee, in the case of the Shanghai social security for the role of matchmaking. September 25, 2007 by the Changchun Intermediate Court found that more than 5 million yuan of bribes, sentenced to 15 years of imprisonment. The main bribe taker Zhang Rongkun.

Qin Yu, former mayor of Baoshan District, Shanghai, in the Shanghai social security case for the role of matchmaking. September 25, 2007 by the Changchun Intermediate Court found to have taken bribes of more than 6,820,000 yuan, sentenced to life imprisonment, confiscation of all property (Jilin Higher People's Court of the second trial upheld the original sentence). The main briber Zhang Rongkun.

Guo Wangxiong, former president of Shanghai Industrial Investment, was found to have taken a bribe of 5 million yuan by the Shanghai First Intermediate Court on September 26, 2007, and was sentenced to life imprisonment and confiscation of personal property. The briber, Zhang Rongkun.

Ling Baoheng, former director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SASAC), was found guilty of accepting a bribe of 500,000 yuan by the First Intermediate Court of Shanghai on September 25, 2007, and was sentenced to eight years' imprisonment. The bribe giver was Korea Zhang.

Wu Hongmei, former deputy director of the Shanghai Municipal State-owned Assets Supervision and Administration Commission (SASAC), was found guilty of accepting a bribe of 1.96 million yuan by the First Intermediate Court of Shanghai on September 25, 2007, and was sentenced to 11 years' imprisonment. The briber, Zhang Rongkun.

Han Fanghe, former general manager of Huaan Fund, was involved in the manipulation of Haixin's share price, and was sentenced to 18 years in prison on September 26, 2007, after being found guilty of accepting bribes of more than 4 million yuan by Shanghai's First Intermediate Court. The briber, Zhang Rongkun.

Yu Zhi Fei, former deputy general manager of Shanghai International Circuit Co. was found guilty of misappropriating 1.05 million yuan by the Wuhu Intermediate Court in Anhui Province on Jan. 3, 2007, and was sentenced to four years in prison and fined 300,000 yuan.

Yin Guoyuan, a former deputy director of the Shanghai Real Estate Bureau, was sentenced to a suspended death sentence in August 2008 after being found guilty of illegally granting land to Chen Liangjun.

Chen Chaoxian, former mayor of Shanghai's Changning district, was involved in corruption while serving as executive deputy mayor of Huangpu district. in July 2008, he was sentenced to 13 years in prison.

Shen Zhengjuan, former director of the Shanghai Huangpu District State-owned Assets Supervision and Administration Commission (SASAC), was killed in a fall from her home on the last day of 2008 for unknown reasons. It is said that after Chen Liangyu's accident, a number of leading cadres in Shanghai were implicated, and the task force had invited Shen Zhengjuan to "drink coffee".

Wang Weigong, former deputy general manager of Shanghai Shenneng (Group) Co., Ltd. and former secretary of one of Shanghai's senior leaders, was a matchmaker for Zhang Rongkun, who accepted a bribe of 9.5 million yuan from Zhang Rongkun. in April 2009, he was sentenced to a suspended sentence in the first trial.

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