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Police In China Find 13 Tons Of Gold Stashed In Ex-Mayor’s Cellar
Chinese authorities found more than 13 tons of gold stashed away in the basement of a former mayor’s home during a corruption investigation, according to news reports.
Police found the loot — worth hundreds of millions of dollars — in a secret cellar in the home of Zhang Qi, a onetime high ranking communist party official and former mayor of Danzhou.
And it wasn’t only gold — police also seized more than $37 billion in cash and assets, the paper said.
Qi, 58, is among the latest targets of an ongoing corruption crackdown by Chinese President Xi Jinping, who has had more than 250 former officials removed for misdeeds in office.
The disgraced pol was stripped of both his mayoralty and his position as a member of the Communist Standing Committee in Hainan Province,