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Shanghai mayor says all misappropriated funds recovered in pension scandal

Shanghai mayor says all misappropriated funds recovered in pension scandal

Shanghai's mayor said investigators recovered all the money siphoned away from city social security funds in one of China's most politically divisive corruption scandals.
Mayor Han Zheng's announcement on Sunday was the first major revelation in months into the sprawling investigation that has already toppled the city's Communist Party boss, Chen Liangyu, and seen more than a dozen other officials and business executives detained for questioning.
"We have already reclaimed in full the misappropriated funds safely," Han said in an annual policy speech to the Municipal People's Congress, the city's legislature.
Han gave no specific figure for the amount recovered. State media has previously reported that 3.2 billion yuan (US$400 million;