13.5 tonnes of gold worth up to £520million is found in a corrupt Chinese official’s home

 

A powerful Communist official in China is suspected to have received 13.5 tonnes of gold and £30 billion cash in bribes.

Thousands of golden bars and bricks were discovered at the leader’s home during a raid by corruption inspectors earlier this month.

Their value could be worth up to £520 million, according to international trading prices.

Thousands of golden bars and bricks were discovered by corruption inspectors at the man’s home in Hainan Province, China, earlier this month. The official is being investigated

Zhang Qi, 58, who was a top official in the province of Hainan has been sacked.

In addition to the gold, inspectors discovered 268 billion yuan (£30 billion) in suspected bribes on the man’s account, according to reports.

He was also thought to have received multiple luxurious villas as perks.

If Mr Zhang’s alleged corruption turns out to be true, he would have been richer than Jack Ma, the wealthiest man in China worth $37 billion (£30 billion) according to Forbes.

Mr Zhang (left) was the secretary of the Communist Party Committee of Haikou. Apart from gold, inspectors also discovered £30 billion in suspected bribes on the man’s account

Mr Zhang was the secretary of the Communist Party Committee of Haikou, the provincial capital city of Hainan with a population around nine million people.

He had equal power as the city’s mayor, according to the ranking of Chinese Communist party officials.

He was also a member of the Standing Committee of Hainan Province.

He has been stripped of both titles by the Commission for  Discipline Inspection of the Central Committee of the Communist Party of China.

Footage circulating on Twitter shows one person counting lumps of gold in a room believed to be in Mr Zhang’s lavish home.  The clip and related news have been censored in mainland China.

In a statement on September 6, the country’s corruption watchdog said Mr Zhang was suspected to have seriously violated the law and discipline. He is currently under inspection and investigation from the authority.

https://www.dailymail.co.uk/news/article-7528217/13-5-tonnes-gold-worth-520-million-corrupt-Chinese-officials-home.html

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