A former official in charge of water supply in a Chinese province has been literally drowning in cash — and gold.
All of it ill-gotten, according to authorities in Hebei province cited by state news agency Xinhua.
Ma Chaoqun, former general manager of a water supply company in Qinhuangdao city, is being accused of taking bribes after nearly 1.5 tons of cash in 100-yuan notes and 37 kilos of gold were found in his home.
The mind-blowing hoard included 68 property certificates for homes in Beijing and Qinhuangdao but their value is not known, according to anti-corruption investigators.
The gold find alone is worth an estimated US$1.38 million. The cash came to 120 million yuan (US$19.57 million), the report said.
The loot came to light after an inspection team was sent by the country’s anti-graft watchdog in July.
The visit was part of a new crackdown on official misconduct and was prompted by a tip-off about suspected bribery involving Ma, who used to manage a water supply company in Beidaihe district, a sea resort near Beijing.
– Contact us at [email protected]