Bo’s brother resigns from Everbright board

Li Xueming, the brother of ousted Chinese politician Bo Xilai, resigned from his position as director and vice chairman of China Everbright International (0257.HKG) amid scrutiny of his personal background, Bloomberg reported. Bo’s family and business associates have come under pressure since Bo was removed from his Party posts and his wife, Gu Kailai, was arrested on suspicion of involvement in the murder of a British businessman. The Communist Party believed that one of Bo’s most serious crimes was a wiretapping campaign that included monitoring the phones of top leaders, the New York Times reported today, citing unnamed sources with party ties. Bo Xilai’s younger son, Bo Guagua, issued a statement on April 24 in which he denied ever driving a Ferrari and said his education was funded by scholarships and his mother’s savings.