Former Danzhou Mayor Relieved Of 13.5 Tons Of Gold and 268 Billion Yuan After Anti-Corruption Investigation

Ongoing anti-corruption investigations in China have apparently lead to the arrest of former Danzou mayor and former Communist Party secretary Zhang Qi (archived, archived). Investigators reportedly found 13.5 tons of gold and a cash stash summing to 268 billion yuan in a concealed basement at the communist's home. At presently advertised exchange rates, these holdings put the recently seized fortune above 38 billion USD and would place Zhang Qi at 19th place on the Forbes rich list above Alibaba's Jack Ma and Tencent's Ma Huateng.

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