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Corruption Drive Picks Up Shanghai Party Boss

The current anti-corruption drive [1], which has already taken some surprisingly powerful heads, has taken another high-profile victim in the form of Shanghai Party Secretary, Chen Liangyu. According to the International Herald Tribune, he was “detained” on Sunday:

Forbes adds, that the business impact has been swift, and that:

While there are, as always, political undercurrents to the move, it is a clear indication that the anti-corruption drive still has fuel in the tank – and strong support from the centre. It is also clear that people in high places have a long way to fall, and that they can carry plenty of hangers-on with them on their descent (i.e. “guanxi” and “opportunism” need to be carefully managed…to say the least).

See news sources: