Zhongshan mayor being questioned
By Wang Xiang |
June 3, 2010, Thursday
|
Print Edition
Print Edition
THE mayor of southern China's Zhongshan City was being investigated for "alleged serious disciplinary offences in economic activities," the party disciplinary authorities confirmed yesterday.
Li Qihong, one of the only two female mayors in Guangdong Province, was taken into custody by police on May 30.
No more details were given but People's Daily online said she was involved in trading shares of the Shenzhen-listed Zhongshan Public Utilities Group Co, which was suspended from trading on Monday.
The state-owned Zhongshan Public Utilities issued a statement that the company's chairman and general manager would be absent for a while without saying why. It denied they were sacked because of Li's case.
After trading resumed yesterday, Zhongshan Public Utilities' share price fell 6 percent.
Li's husband, brother, and two sisters were also involved in the case, according to media reports. Her families were involved in the local real estate market.
Li Qihong, one of the only two female mayors in Guangdong Province, was taken into custody by police on May 30.
No more details were given but People's Daily online said she was involved in trading shares of the Shenzhen-listed Zhongshan Public Utilities Group Co, which was suspended from trading on Monday.
The state-owned Zhongshan Public Utilities issued a statement that the company's chairman and general manager would be absent for a while without saying why. It denied they were sacked because of Li's case.
After trading resumed yesterday, Zhongshan Public Utilities' share price fell 6 percent.
Li's husband, brother, and two sisters were also involved in the case, according to media reports. Her families were involved in the local real estate market.
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