Reuters: China seizes $14.5B of assets in corruption probe of ex-security chief


China's crackdown on corruption appears to have gone into overdrive, with Reuters reporting that authorities have seized assets worth at least 90B yuan ($14.5B) from family members and associates of Zhou Yongkang, the former domestic security chief who is the focus of the largest corruption scandal in the history of communist China.

Authorities have also arrested or questioned over 300 people in the past few months.

While the probe into Zhou, who is under house arrest, appears to show that  the government is taking on graft at the highest levels, the suspicion exists that the investigation is punishment for his support of the disgraced Bo Xilai.

Comments (4)
  • nyuszika45
    , contributor
    Comments (625) | Send Message
     
    Per the third point on this story, it is nice to see that some things don't change.
    31 Mar 2014, 05:01 AM Reply Like
  • rjj1960
    , contributor
    Comments (1471) | Send Message
     
    Wow, took me by surprise!!!!
    31 Mar 2014, 06:46 AM Reply Like
  • The 99%
    , contributor
    Comments (2) | Send Message
     
    Too bad we can not do the same to those bankers and politicians who caused the subprime crisis yet got huge bonuses/awards.
    31 Mar 2014, 09:14 AM Reply Like
  • The 99%
    , contributor
    Comments (2) | Send Message
     
    Too bad that we could not do the same to those bankers who caused the subprime crisis yet got huge benefits.
    31 Mar 2014, 09:15 AM Reply Like
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