Disgraced Chinese politician Bo Xilai returns to a court in eastern China for the third day of his corruption trial. The former Chongqing Communist Party chief - is charged with taking almost 4.5 million dollars in bribes and abusing his power. Inside court, he admitted to knowing about 800,000 dollars siphoned off from a government building project, ending up in his wife's bank account. Bo's wife -- seen here giving videotaped testimony on Friday -- has already been convicted of the murder of British businessman Neil Heywood. Bo denies accepting bribes from businessmen and says he was coerced into a confession. The money ended up going to his wife, he said because he let his attention wander. Foreign reporters are not allowed into the trial in Shandong province. Media briefings provide updates. (SOUNDBITE) (Mandarin) SPOKESMAN FOR JINAN INTERMEDIATE PEOPLE'S COURT, LIU YANJIE, SAYING: ''The hearing lasted around three hours this morning. The court continued investigation into charges of embezzling five million yuan from a government project against defendant Bo Xilai.'' Bo's fall from grace has been the biggest shakeup to hit China's elite in decades....From a rising political star he's now fighting charges of which he'll almost certainly be found guilty.
Aug. 24 - The trial of former top Chinese politician enters its third day, with Bo Xilai admitting knowledge of embezzled funds. Sarah Toms reports. ( Transcript )
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.