82 pounds of gold and 120 million yuan found in Chinese official's home

[Comrade_Eko]

[QUOTE]Some 82lbs (37kg) of gold and 120 million yuan ($19.5 million) in cash has been discovered in the home of a Chinese Communist Party official. The discovery has been termed “shocking” by China’s state news agency.

The official, Ma Chaoqun, used to manage the Beidaihe Water Supply Corporation, which had nearly 200 employees, according to an anonymous government source who spoke to China Daily.

“The amount of money involved in these cases is huge and it happened among the people,” Xinhua said. “The social influence is bad and the masses have reacted strongly.”

Ma has been accused of bribery, embezzlement, and misappropriation of public funds by the Central Commission for Discipline Inspection in Hebei, according to the Beijing News.

The investigation into his private matters affairs was launched in February, and he was officially fired on February 18.

However, Ma’s case is taking place in the midst of a mass crackdown on corruption in the ranks of Chinese officials, with Chinese President Xi Jinping targeting “tigers” – high ranking corrupt officials – and “flies” alike.

In another stash-of-cash case, prosecutors announced last month that around 200 million yuan had been found hoarded at the home of Wei Pengyuan, a former National Energy Administration official.[/QUOTE]

[URL="http://rt.com/news/205591-china-gold-corruption-investigation/"]Source[/URL]

I know I said in earlier threads that I expected this to happen, but honestly I'm still surprised. It isn't every day that a government employee is fired, and even rarer that they as a whole are investigated for corruption. Hopefully this continues and we can get the Yingzhi yinhang (shadow banks) closed.

[GiGaBiTe]

I don't know why anyone is surprised by findings like this. Corruption in the Chinese Communist party is as obvious as saying the grass is green or the sky is blue.

There are documentaries 20+ years old on corruption in Communist China but everyone conveniently ignores them.

[Download]

My mum's partner works is the board for a small mining company here in Australia. They do a lot of business with the Chinese and he keeps telling me how the Chinese government is really coming down hard on corruption at the moment.

[Comrade_Eko]

[QUOTE=GiGaBiTe;46501547]I don't know why anyone is surprised by findings like this. Corruption in the Chinese Communist party is as obvious as saying the grass is green or the sky is blue.

There are documentaries 20+ years old on corruption in Communist China but everyone conveniently ignores them.[/QUOTE]

The news isn't that there is corruption, as you said, everyone and their mum knows that. The news is that China has been cracking down on them hard lately, all that convenient ignoring has gone out the window.

[pkhzor]

Does this mean Putin 2.0 is being made in China?

[Kuiper]

I'm not amazed by the corruption, I'm amazed by how much he made off with.

[Sableye]

i'm not sure what pisses me off worse, that the chinese are doing a better job cracking down on graft, or that we're still unable to anything about our own "legal" corruption problem with lobbiests and money in politics

[Samiam]

[QUOTE=Sableye;46507641]i'm not sure what pisses me off worse, that the chinese are doing a better job cracking down on graft, or that we're still unable to anything about our own "legal" corruption problem with lobbiests and money in politics[/QUOTE]

Good luck trying to get it illegalised.