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01-07-2008, 03:00 PM
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| Shanghai F1 boss jailed for graft A sports magnate credited with bringing Formula One to China has been jailed for four years for corruption, according to Chinese media. Yu Zhifei, ex-manager of the Shanghai International Circuit, was convicted of embezzling more than 1m yuan (£69,500; $137,500) during the late 1990s. The charges related to his time as head of Shanghai Shenhua Football Club. He is one of a number of the city's top officials arrested and expelled from the Communist Party for corruption. They include the city's former Communist Party chief, Chen Liangyu, who is in custody but has not yet been charged. more....
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