Chinese F1 boss jailed

Embezzlement charges claim another victim in Shanghai.

    Chinese state media have reported that the former Formula One racing boss in China has been sentenced to four years in jail for embezzlement to become the latest victim of a financial scandal sweeping Shanghai.

    Yu Zhifei, a former city government official and general manager of the Shanghai International Circuit, was given the sentence by the Intermediate People's Court in the city of Wuhu, west of Shanghai.

    Calls to the court rang unanswered, and Yu's lawyer did not return phone calls.

    Yu's case is seen as a part of a wider crackdown on misuse of government pension funds in China's commercial hub that last year toppled Chen Liangyu, the city's most powerful official.

    SOURCE: Agencies


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