The former director of Shanghai Electric Tool Research Institute has been expelled from the Party, has repeatedly embezzled and defrauded public funds, and has long been an official and business official of Shanghai Electric Tool Research Institute | Xu Peng | Director
According to the Shanghai Municipal Commission for Discipline Inspection and Supervision, with the approval of the Shanghai Municipal Committee of the Communist Party of China, the Shanghai Municipal Commission for Discipline Inspection and Supervision has launched a case review and investigation into Xu Peng, former director and deputy secretary of the Shanghai Electric Tool Research Institute, for serious violations of discipline and law.
After investigation, it was found that Xu Peng, as a party member and leading cadre, lost his ideals and beliefs, abandoned his original mission, and for a long time, he also served as an official in business, relying on enterprises to support them. He used the management authority granted by the organization to state-owned enterprises as a tool for personal gain. Xu Peng has been engaged in illegal business operations for a long time, using his power to seek benefits for private enterprises that he holds shares in and actually controls; Utilize the convenience of one's position, embezzle public funds recklessly, engage in profit-making activities, and seek personal interests; Repeatedly embezzling and defrauding public funds; Seeking benefits for others and illegally accepting property from others.
Xu Peng seriously violated the integrity discipline of the Party, constituted serious violations of his duties, and was suspected of embezzling public funds, corruption, and accepting bribes. He did not restrain himself or stop after the 18th National Congress of the Party, and his nature was serious, with a negative impact. He should be dealt with seriously. In accordance with the Regulations of the CPC on Disciplinary Actions, the Supervision Law of the People's Republic of China, the Law of the People's Republic of China on Administrative Actions against Public Officials and other relevant provisions, after discussion at the meeting of the Standing Committee of the Shanghai Municipal Commission for Discipline Inspection, Xu Peng was decided to be expelled from the Party; Cancel the benefits enjoyed by them according to regulations; Transfer the suspected criminal issues to the procuratorial organs for legal review and prosecution, and transfer the involved property together.