Chinese authorities brought formal charges against former Communist Party senior official Bo Xilai, accusing him of bribery, embezzlement and abuse of power. …read more
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Deposed Chinese politician Bo Xilai was charged with corruption and abuse of power Thursday, as China’s new leadership tries to steer the country’s ugliest political scandal in years toward closure. …read more
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By Matt Cantor
Nearly a year after his wife was sentenced in the death of a British businessman, former top Chinese politician Bo Xilai looks set for a trial of his own. He has been charged with corruption, bribery, embezzlement, and abuse of power, the BBC reports. Bo used his job as a… …read more
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Disgraced Chinese politician Bo Xilai was indicted Thursday on charges of corruption, accepting bribes and abuse of power, state media reported, moving China’s biggest political scandal in years toward closure.
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China’s once-powerful politician Bo Xilai has been indicted for bribery, corruption and abuse of power, the state news agency Xinhua said Thursday. …read more
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The trial of ousted Chinese politician Bo Xilai — set to be China’s highest-profile political prosecution in decades — will be held in August, a source with direct knowledge of the case told AFP on Wednesday. …read more
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Chinese authorities are expected to issue formal charges against ousted politician Bo Xilai as early as this week, according to a person familiar with the case, bringing the Communist Party leadership closer to the conclusion of an embarrassing political scandal. …read more
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By Simon Montlake, Forbes Staff Ever since his removal from political office last March, Bo Xilai has been waiting for his day in court. First, it was his wife Gu Kailai standing trial for the murder of a British consultant (guilty). Then his former police chief Wang Lijun stood accused of abusing his power (guilty). The third and final act will be Bo’s trial. Last week a pro-Beijing newspaper in Hong Kong reported that the trial would begin Monday in Guiyang. This now appears to be false. Another newspaper said that a trial would likely follow the National People’s Congress held in March. In any event, there is no reason for haste, since Bo’s political career is over. Cynics might ask why a trial even matters, since a guilty verdict is a foregone conclusion. But how the trial plays out, and the severity of the sentence, carries weight within the party, where Bo’s rise and fall resonates. It also has implications for new leader Xi Jinping‘s anti-corruption drive, since this is ostensibly a story of ill-gotten gains, though it speaks more broadly to the abuse of political power in China. Xi said last week that no cadre would be spared, leading to speculation over a ‘big fish’ (or ‘tiger’) arrest.
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By Susan Adams, Forbes Staff Fewer than one in five people trust business or government leaders to tell the truth when confronted with a difficult issue, according to a yearly “trust barometer” survey by the giant public relations firm Edelman. A number of high-visibility scandals involving CEOs and government officials last year likely pushed the barometer away from trust in leaders. Ex-Barclays CEO Robert Diamond quit in July after revelations that the bank had been involved in an international scheme to manipulate interbank lending rates. The conviction of former McKinsey CEO Rajat Gupta for insider trading was also splashed across the headlines, as was the corruption case against former Chinese communist party official Bo Xilai.
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A survey shows that public trust in business, government and media leaders has fallen in the wake of financial and political scandals.
The 2013 edition of the Trust Barometer from U.S.-based public relations firm Edelman shows people increasingly regard experts such as academics or even their peers as more reliable sources of information than institutional leaders.
Edelman’s president and CEO, Richard Edelman, has told The Associated Press that the survey found “a very significant crisis of leadership.”
The results come in the wake of inside trading scandals in the United States, a major corruption case involving Chinese politician Bo Xilai, and reports that major banks manipulated a key interest rate benchmark.
The survey probed the opinions of 31,000 people in 26 countries.
Source: FULL ARTICLE at Fox World News
Ousted Chinese politician Bo Xilai, who is accused of corruption, will be represented by two Beijing-based attorneys from a large Chinese law firm that enjoys national prestige — and close ties to the ruling Communist Party.
Bo was once a high-flying contender for a top post until a scandal involving his wife’s murder of a British businessman was exposed last year, embarrassing the party and disrupting its preparations for a pivotal leadership transition.
Attorney Li Guifang said Monday in a phone interview that he and colleague Wang Zhaofeng will represent Bo. He had no further details. The lawyers are from a well-known firm that says it has represented government departments and state enterprises on many major projects.
Source: FULL ARTICLE at Fox World News
