Last week I came across isolated reports of a (very) corrupt official in China. Here’s an example from Zero Hedge:
Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cash, as well as 13.5 tons of gold in ingots in a secret basement of his home, according to local media.
According to unofficial reports, in addition to the $625 million worth of gold, cash worth 268 billion yuan ($37 billion) was discovered.
There’s more at the link.
The figures seemed kinda high to me (particularly the cash), but then video reports surfaced. This is alleged to be his gold stash:
I’d love to know how a former mayor and Communist Party secretary (in a relatively minor branch of the party) managed to amass wealth like that. It doesn’t seem possible. Still, even if you reduce the amounts by a factor of 10, it’s pretty impressive. I’ve been looking for more information in the mainstream media, but so far no-one’s provided it.
I think I’m in the wrong business . . .