SHANGHAI, China (AP) _ The head of Shanghai's multimillion dollar
Formula One auto racing track has been fired as part of an
investigation into the alleged misuse of city pension funds, Chinese
state media reported Monday.
Yu Zhifei, a former city government official and general manager
of the Shanghai International Circuit, was also expelled from the
Communist Party and handed over for prosecution, the Shanghai Daily
and other newspapers said.
Yu had been a key force behind Shanghai's racing circuit,
designed by famed German architect Hermann Tilke and located on
former swamp land about one hour west of the city.
The track has hosted three editions of the Grand Prix of China in
auto racing's highest profile series, along with the motorcycle
MotoGP and other top races.
While some have questioned the expense, the circuit has become a
prominent part of Shanghai's effort to market itself as an Asian
business centre.
Yu is thought to be close friends with the city's former top
leader, Chen Liangyu, who was sacked last year over allegations of
corruption and other abuses _ the highest-level ousting of an
official in a decade.
A former district head, Chen Chaoxian, and the former director of
the city's state-owned assets supervision bureau, Ling Baoheng, were
also fired, expelled and referred to prosecutors, the papers
reported.
The reports gave few details of the charges, but said Yu had
allegedly taken public money to buy a house, amid other abuses. Chen
and Ling were found to have taken bribes in return for favours, the
reports said.
Staff at the city government's spokesman's office confirmed the
reports but said they had no additional information.
More than a dozen people are believed to have been investigated
as part of the probe into misuse of the city pension fund, about 3.2
billion yuan (C$455 million) of which was improperly invested in
real estate and road toll projects.
A highway connecting the city to the racing track has been
mentioned as one of those tainted projects, although there is no
indication the track was built with diverted pension funds.
Shanghai's mayor claimed in January to have retrieved all the
misused money, although allegations of other abuses continue to crop
up.
Reports also said Yin Guoyuan, the former vice director of the
land and housing management bureau, had been transferred to
prosecutors amid a probe into bribe taking in return for real estate
approvals.