China official had cash stash of $16 million: report
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 th ... more

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