Chen Liangyu
Chen Liangyu, the Shanghai Party Chief and Politburo member was sacked from the party in 2006, becoming the most senior party member to be dismissed in a decade. 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. 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. 2 Intermediate People's Court, Tianjin.