Politburo Standing Committee member and Vice-Premier Huang Ju and his wife Yu Huiwen were also believed to be involved, but were never officially exposed as being part of the scandal.
[2] He was accused of illicitly investing billions of yuan of pension fund money in real estate, aiding illegal businesses, shielding corrupt colleagues, and abusing his position to benefit family members.
[3] On April 11, 2008, Chen, 61, was sentenced to 18 years in prison for accepting $340,000 in bribes and abusing power, specifically, for stock manipulation, financial fraud and his role in the city pension fund scandal, at the No.
Another significant result of Chen Liangyu's downfall was the rise of Xi Jinping, who was transferred to Shanghai from Zhejiang to take over the position of Party Secretary in March 2007.
[3] A thinly veiled reference to this scandal is a major plot element of the Chinese TV drama Dwelling Narrowness.