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| Chinese official fired over graft | Chinese official fired over graft |
| (30 minutes later) | |
| The Communist Party leader of Shanghai has been sacked over a corruption scandal, Chinese state media reports. | |
| Party secretary Chen Liangyu was dismissed after a high-level probe into alleged misuse of the city's pension fund, Xinhua news agency said. | Party secretary Chen Liangyu was dismissed after a high-level probe into alleged misuse of the city's pension fund, Xinhua news agency said. |
| He has also been suspended from the powerful Politburo, Xinhua adds. | |
| The financial scandal appears to be one of the biggest to hit Shanghai since economic reforms began in China three decades ago, a BBC correspondent says. | |
| Senior officials and businessmen are alleged to have used large sums of money from the city's pension fund to make illegal loans and investments. | |
| One of China's wealthiest entrepreneurs has already been questioned as part of the government investigation, and several other officials have been removed from office. | |
| Chen Liangyu is the most senior official to be sacked since Hu Jintao took over as president in 2003. |