City Party Chief Fled with Money

Wang Guoqiang, former party chief of a city in northeast China’s Liaoning province, has fled to the United States with his family members and, reportedly, with millions of dollars too. From BBC:

Local officials said Mr Wang, who was being investigated for corruption, had been removed from his post, it [the People’s Daily] said.

Several reports cited 200m yuan ($31.5m; £20m) as the amount taken.

A report released by China’s central bank last year said more than $120bn (£74bn) had been stolen by corrupt officials who fled overseas, mainly to the US.

August 30, 2012 7:17 PM
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Categories: Politics