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China Huarong Asset Management

China Huarong Asset Management latest

Mr Lai is said to have hidden all his illegal cash income in a flat, which was uninhabited. (CCTV)
January 16th, 2020 - 07:29 GMT

Bribe Money: Chinese Official Caught With $28 Million in His Flat

A Chinese official who is accused of bribery, corruption and bigamy has been caught hiding hundreds of bundles of banknotes worth £22million in his flat, it has been revealed. Safes and suitcases stuffed with suspected bribery money were reportedly discovered when authorities raided the apartment of Lai Xiaomin in Beijing. The 57-year-old was arrested in 2018 while working as the chairman and Communist Party Secretary of one of the country's ...
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