Posted on 03/30/2014 11:52:43 AM PDT by blam
China Seizes An Insane $14.5 Billion Worth Of Assets From Family Of Former Security Official
Benjamin Kang Lim and Ben Blanchard, Reuters
Mar. 30, 2014, 8:38 AM
BEIJING (Reuters) - Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China's biggest corruption scandal in more than six decades, two sources said.
More than 300 of Zhou's relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources, who have been briefed on the investigation, told Reuters.
The sheer size of the asset seizures and the scale of the investigations into the people around Zhou - both unreported until now - make the corruption probe unprecedented in modern China and would appear to show that President Xi Jinping is tackling graft at the highest levels.
But it may also be driven partly by political payback after Zhou angered leaders such as Xi by opposing the ouster of former high-flying politician Bo Xilai, who was jailed for life in September for corruption and abuse of power.
Zhou, 71, has been under virtual house arrest since authorities began formally investigating him late last year. He is the most senior Chinese politician to be ensnared in a corruption investigation since the Communist Party swept to power in 1949.
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(Excerpt) Read more at businessinsider.com ...
The capo did not get his pound of flesh.
This also goes out to many of our own on Capitol Hill, as well!
He should have gotten out with a bunch of cash and bought real estate in the US, like most self-respecting Chinese corrupt officials do. This guy stayed in China too long. Maybe he thought his luck would hold forever.
As for his level of corruption... I don’t believe he’s more or less corrupt than “the party’s anti-corruption watchdog and the prosecutor’s office” or any other part of the Chinese Communist government... it’s just his time is up and he got caught without a chair when the music stopped.
#1. We should do the same (re Harry Reid) #2. How the hell do you get that kind of money if you AIN’T CORRUPT?
I’d bet that a lot of that $15 billion is invested in real estate on the west coast of Canada and the US. It’s driving house prices insane in the SF Bay Area.
I wonder if they’d find a Leland Yee connection if they dug below the surface.
They passed laws that exempt them from insider trading investigations.
Hello Senator, stick this little amenment to a bill sure to pass and we both make money off the companies that will benefit.
I expect they'd find it right under all the Diane Feinstein connections.
“How the hell do you get that kind of money if you AIN’T CORRUPT?”
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Saved it by getting a good deal on his car insurance?
Sold stuff on EBAY?
Oh, I know, he went wo the Obamacare website and reduced his premiums by 3000 percent.
I so amazed at how selfless and self-sacrificing officials are in communist nations - living the same as all the people, all as one.....
would make our administration proud/s.
Are there any politicians on the entire planet that aren't corrupt?
Over $3 trillion has been stolen from China and invested overseas by Party officials and their extended families.
...and Erdogan in Turkey washed billions of oil money:
In the alleged tapes of the Erdogan’s telephone conversations, it sounds as though the prime minister has asked his son to remove $1 billion from the homes of family members and conceal it.
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