Caixin
Nov 14, 2014 03:33 PM
CHINA

Graft Busters Find another Cash Pile, but Family Denies Corruption

(Beijing) – The relatives of the head of a state-owned company who prosecutors say hid a large amount of ill-gotten cash and gold at his home – the second such case in recent months – say the wealth belongs to the man's parents and was obtained legally.

Ma Chaoqun, was the general manager of a water supply company in Qinhuangdao, in the northern province of Hebei. The water company is in Beidaihe District, which is home to a summer resort for central government leaders.

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