A recent corruption case that has taken mainland China by surprise involves a senior CCP official from northeastern China’s Liaoning province, whose family was found to own 2,714 properties in the name of operating family businesses. Xu Changyuan, a former high-ranking CCP official, was involved in mafia-linked assets worth more than 10 billion yuan (about $1.52 billion). Xu leveraged his authority to aggressively harvest money for his family businesses, based on China’s state media reports. A case in point was a property in Ganjingzi district, Dalian city, Liaoning province that he helped his brothers flip. They earned 500 million yuan ($76.2 million) off that one project due to Xu’s intervention. Before he was sacked, Xu had held important administrative positions, including secretary of the Party Working Committee, director of the Administrative Committee of Dalian Jinzhou New District, mayor of Zhuanghe city, Liaoning province, mayor and Party chief of Wafangdian city, …
Corrupt CCP Mayor’s Family Found to Possess More Than 2,700 Real Estate Properties
April 2, 2021
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