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Shenzhen lawmaker arrested in bribery probe
By Li Qian |
October 30, 2012, Tuesday
|
Online Edition
Online Edition
A legislator in Shenzhen, Guangdong Province, who disappeared from the public view for some time, is now under investigation for bribery linked to a deadly train collision in Wenzhou in July last year.
Shenzhen prosecutors said yesterday that Xu Yusuo, a member of the Standing Committee of the Shenzhen People's Congress and president of Invengo Information Technology Co Ltd, has been put in custody at the request of Zhengzhou Railway Bureau in Henan Province.
Xu's downfall is believed to be connected to the breakdown of a railway signal system that caused the train collision in Wenzhou, leaving 40 people dead and 172 injured. But this has not yet been confirmed officially.
Invengo Information Technology, a provider of railway signal systems, was founded in 1999 and went public in August 2007, according to information on its website.
Xu ranked 496th on the Hurun Rich List in 2009 with 2.2 billion yuan (US$349 million) in personal assets. Most of his company's income came from railway projects.
Shenzhen prosecutors said yesterday that Xu Yusuo, a member of the Standing Committee of the Shenzhen People's Congress and president of Invengo Information Technology Co Ltd, has been put in custody at the request of Zhengzhou Railway Bureau in Henan Province.
Xu's downfall is believed to be connected to the breakdown of a railway signal system that caused the train collision in Wenzhou, leaving 40 people dead and 172 injured. But this has not yet been confirmed officially.
Invengo Information Technology, a provider of railway signal systems, was founded in 1999 and went public in August 2007, according to information on its website.
Xu ranked 496th on the Hurun Rich List in 2009 with 2.2 billion yuan (US$349 million) in personal assets. Most of his company's income came from railway projects.
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