The head of a major Beijing property developer has been placed under questioning, the China Business Times and China Daily reported. Liu Xiaoguang, president of Beijing Capital Group Ltd and chairman of Hong Kong-listed subsidiary Beijing Capital Land Ltd, was taken away by staff from the Central Commission for Discipline Inspection of the Communist Party of China Central Committee on 16 June.
Rumors say that it is linked to Beijing Vice-Mayor Liu Zhihua’s sudden dismissal on June 11 for corruption and poor morals. A dispute over a valuable parcel of land next to Olympics venues is mentioned… with 3 buildings (an office block, a hotel and apartments). Originally to be developed by a foreign joint venture involving a company called AC Morgan Investment. Then “changed hands”. It is not clear at this stage if Liu Xiaoguang – one of the top businessmen in business is being accused of anything.

Not to stop there, a Hong Kong newspaper reported that one of the major officials the Beijing 2008 Project Construction Headquarters had been taken away to assist the graft investigation. Of course, locally ”no comments”.
As said earlier, I am positive. Hopefully the authorities will go to the bottom of it all and it can only improve (or restore?) the image of the city.
The local press (Xinhua!) did report that “The Communist Party of China is dealing with the corruption by killing flies as well as killing tigers”. Next are the dragons?