LEADING CHINESE ARRESTED FOR EXPLOITATION

Grey River Argus, 7 September 1948, Page 3

LEADING CHINESE ARRESTED FOR EXPLOITATION

“Best” Families Given a Shock (Reuter —N.Z.P.A.) (Rec. 10.0) SHANGHAI, Sept. 6 Seven leading Shanghai business and social figures have been arrested during the past few days for alleged breaches of the Government’s new economic regulations, who were introduced last month, at time as the change in the nation’s currency. The arrests were made on the direct orders of Major-General Chiang Ching Kuo, a son of the President, Marshal Chiang Kai Shek, and Deputy Economic Supervisor of the Shanghai area. , , , The arrests are hailed as a precedent of a shattering kind, as no official within living memory has dared to invade the sacred portals of Shanghai’s best families.” The majority of the members of these families have operated.on the thesis that they could do as they pleased and nobody dared touch them. The charges against those arrested included black marketing, hording, and over-charging. Tim American-owned Shanghai Evening Post,” in an editorial; said that powerful Shanghai bosses are already trying to unseat young Chiantbut if the Chinese Government is wise and wishes to remain the Gov r eminent for some time to come, it will be prudent to leave Chiang to his vigorous law enforcement for a while