Subscribe free to our newsletters via your
. Space Travel News .




SINO DAILY
China official had cash stash of $16 million: report
by Staff Writers
Beijing (AFP) May 15, 2014


A Chinese official was found to have kept more than 100 million yuan ($16 million) in cash at his home, in the country's latest apparent corruption scandal, a report said Thursday.

Police deployed 16 money-counting machines to count the stash held by Wei Pengyuan, whose job involved approving the construction of power stations, respected financial media outlet Caixin reported.

Four of the counting machines broke down during the process, the report added. Wei is the deputy head of the coal bureau at China's National Energy Administration.

The highest value Chinese banknote is 100 yuan. That means Wei's stash contained at least a million notes, which would stack up to around 100 metres if placed in a single pile.

Authorities are investigating Wei, Caixin said.

China's ruling Communist Party has pledged to crack down on corruption as it tries to improve its image following a number of scandals involving government officials.

Several senior personnel have been ousted over alleged graft in recent years, while regular reports of low-level malfeasance are a major source of public discontent.

At the same time China has cracked down on activists who want legal reforms requiring officials to disclose their financial assets, with one such campaigner jailed for four years in January.

Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released in January by the US-based International Consortium of Investigative Journalists.

In 2012, the New York Times and Bloomberg news agency published investigations into vast wealth said to have been amassed by family members of Wen and Xi. Neither official was accused of wrongdoing.

.


Related Links
China News from SinoDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








SINO DAILY
China youth suicides blamed on education system: study
Beijing (AFP) May 14, 2014
China's high-pressure, exam-driven education system is responsible for the vast majority of suicides by schoolchildren in the country, state media said Wednesday, citing a study. Official statistics on youth suicides are hard to obtain, but a health ministry journal said that about 500 primary and middle school students kill themselves every year. A study of 79 such suicides last year fo ... read more


SINO DAILY
Replacing Russian-made rocket engines is not easy

Pre-launch processing begins for the O3b Networks satellites

US sanctions against Russia had no effect on International Launch Services

SHERPA launch service deal to deploy 1200 kilo smallsat payloads

SINO DAILY
NASA wants greenhouse on Mars by 2021

Reset and Recovery for Opportunity

NASA's Curiosity Rover Drills Sandstone Slab on Mars

Mars mission scientist Colin Pillinger dies

SINO DAILY
LRO View of Earth

Saturn in opposition tonight, will appear next to the moon

Russia to begin Moon colonization in 2030

Astrobotic Partners With NASA To Develop Robotic Lunar Landing Capability

SINO DAILY
Dwarf planet 'Biden' identified in an unlikely region of our solar system

Planet X myth debunked

WISE Finds Thousands Of New Stars But No Planet X

New Horizons Reaches the Final 4 AU

SINO DAILY
Length of Exoplanet Day Measured for First Time

Spitzer and WISE Telescopes Find Close, Cold Neighbor of Sun

Alien planet's rotation speed clocked for first time

Seven Samples from the Solar System's Birth

SINO DAILY
Competition of the multiple Gortler modes in hypersonic boundary layer flows

New Craft Will Be America's First Space Lifeboat in 40 Years

Space Launch System Structural Test Stands to be Built at Marshall Space Flight Center

ATK Validates MegaFlex Solar Array For NextGen Solar Electric Propulsion Missions

SINO DAILY
The Phantom Tiangong

New satellite launch center to conduct joint drill

China issues first assessment on space activities

China launches experimental satellite

SINO DAILY
NASA Astronauts Go Underwater to Test Tools for a Mission to an Asteroid

25-foot asteroid comes within 186,000 miles of Earth

Halley's Comet-linked meteor shower to peak Tuesday morning

Less than a year from its Ceres rendezvous




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.