State-Backed Automaker 'Spent Millions to Buy Land, Build Villas'

(Beijing) – One of the country's largest automakers spent millions of yuan to buy land and build villas in the northeastern city where it has its headquarters, the Communist Party's graft buster said in notice published on its website on January 30.

State-owned China FAW Group Corp. spent 23.4 million yuan to build 131 villas, the Central Discipline Inspection Commission (CDIC) said. The land for the villas was bought in 2002 in Changchun's Jingyue District.