From China Digital Space
裸体做官 (luǒ tǐ zuò guān): naked official
A naked official (often abbreviated 裸官 luǒ guān) is a corrupt official who funnels illegally obtained public funds to his family and children, who reside overseas; thus, the official appears naked (without assets) but is really preparing a nest egg outside of China.
Between 1978 and 2003, the Ministry of Commerce estimates that about 4,000 corrupt officials left China, taking with them at least USD$50 billion.
Former Chongqing Party Secretary Bo Xilai is perhaps China’s most notorious naked official. Although his income was just US$1600 per month, he managed to send his son Guagua to an elite British boarding school, then Oxford and Harvard. Bo’s wife, Gu Kailai, is suspected of murdering family friend Neil Heywood after he demanded a larger cut of an illegal overseas money transfer.