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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 21 4:00 PM EST

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From: brian h	2/28/2011 11:46:00 PM
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Inside China, citizens demand an answer to this matter as well. They hated corruptions just as much. We will see if CCP can uncover their own roots. That will gain more trusts to CCP's own citizens. china.globaltimes.cn Sacked rail minister pocketed 800m yuan (reports only. We will see if more lights will shed later.) Global Times [08:34 March 01 2011] Comments By Fu Wen Weeks after he was removed as railways minister, a published media report said Liu Zhijun pocketed more than 800 million yuan ($122 million) in kickbacks from companies that did business with his powerful office. The report said that the former minister also enjoyed the company of at least 10 mistresses including actresses. Liu was directly in charge of building China's high-speed railways, the Hainan-based New Century Weekly reported Monday. Liu was removed from the post for "severe discipline violation." He allegedly received 822 million yuan ($125 million) from companies eager to win contracts for China's booming high-speed railway projects including many State-owned enterprises. Liu became railways minister in 2003 and he mapped China's high-speed railway strategy, which covers numerous new projects. The annual investment in high-speed railways multiplied year after year and surpassed 700 billion yuan ($106 billion) last year.

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