Sunday, March 30, 2014

"China seizes US$14.5b assets from family, associates of ex-security chief Zhou Yongkang"

Wow:

The first two sources said prosecutors and the party's anti-corruption watchdog had frozen bank accounts with deposits totaling 37 billion yuan and seized domestic and overseas bonds with a combined value of 51 billion yuan after raiding homes in Beijing, Shanghai and five provinces.

Investigators had also confiscated about 300 apartments and villas worth around 1.7 billion yuan, antiques and contemporary paintings with a market value of 1 billion yuan and more than 60 vehicles, the sources added.
Should've bought the houses in San Francisco, I guess.

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