Li Xueming, Bo Xilai’s brother, quits the board of China Everbright International

Li Xueming, also known as Bo Xiyong, Bo Xilai’s elder brother, has quit the board of China Everbright International, a Hong Kong-listed company.

Everbright said that Vice-Chairman Li Xueming had resigned to minimize any adverse impact on the company of media reports on his family background.

Bo Xilai’s removal has become China’s biggest political scandal in years.

“The board would like to take this opportunity to clarify that recent reports by the media on Mr. Li’s family background have no relationship with the normal business and operations of the company,” Everbright said in the statement to the Hong Kong stock exchange.

“Mr. Li has demonstrated dedication and diligence in serving the company during his tenure of directorship,” it said.

Li Xueming, also known as Bo Xiyong, Bo Xilai’s elder brother, has quit the board of China Everbright International

Bo Xilai, once tipped for China’s highest office, was removed from his role as Chongqing party secretary in March and suspended from all political office in April.

He is being investigated for “serious discipline violations”, Chinese authorities announced on 10 April and his wife, Gu Kailai, is being investigated in connection with the death of British businessman Neil Heywood.

Since then the lifestyle and political and business dealings of Bo Xilai and his family have come under intense media scrutiny.

According to its website, China Everbright International focuses on alternative energy and waste management.

 

 

Diane A. Wade

Diane is a perfectionist. She enjoys searching the internet for the hottest events from around the world and writing an article about it. The details matter to her, so she makes sure the information is easy to read and understand. She likes traveling and history, especially ancient history. Being a very sociable person she has a blast having barbeque with family and friends.

Recent Posts

House Panel Votes to Release Matt Gaetz Ethics Report

The US House Ethics Committee has voted to release its report on former Republican Representative…

4 days ago

ABC News to Pay $15M to Settle Trump Defamation Suit

ABC News has agreed to pay $15 million to President-elect Donald Trump to settle a…

1 week ago

South Korea’s Parliament Impeaches President Yoon Suk Yeol Following Martial Law Scandal

South Korea’s parliament has voted to impeach President Yoon Suk Yeol over his failed attempt…

1 week ago

Syria: Israeli War Planes Carry Out More Than 100 Air Strikes

Israeli war planes have carried out more than 100 air strikes in Syria on December…

2 weeks ago

Donald Trump Threatens 100% Tariff on BRICS Nations

President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS countries if they…

3 weeks ago

Syria Coup: Rebels Take Control of Aleppo

Syrian troops have withdrawn from the city of Aleppo following an offensive by rebels opposed…

3 weeks ago