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Friday, November 21, 2014

1 ton in banknotes found in ex-Chinese military leader's home

Want China Times, CNA 2014-11-21

Xu Caihou in an undated photo. (Photo/Xinhua)

Chinese investigators have found one metric ton of Chinese yuan and foreign currencies during a search of the home of Xu Caihou, former vice chairman of China's Central Military Commission, amid an investigation of corruption, according to a report by Hong Kong's Phoenix Weekly.

When investigators opened the basement of Xu's 2,000-square meter luxury residency in Beijing, they found one ton of bills, including US dollars and euros, in addition of piles of valuable jades, emeralds, ancient paintings and calligraphy works, the report said.

The historic art was said to date as far back as the Tang Dynasty (618-907CE).

It took 15 trucks to take the notes and antiques away, said the weekly, which is sponsored by Hong Kong-based Phoenix Television Holding and is legally allowed to circulate around China.

Xu reportedly has many properties all around China, and investigators have found at least four properties in Shanghai registered under the name of his three-year-old grandson, the weekly said.

In addition to Xu, his personal driver has also aggregated a large fortune for allegedly being the go-between for people offering the high-powered official bribes, the report said.

Xu, 70, and his wife were taken away March 15 from a military hospital where Xu has received treatment for bladder cancer after being told about the corruption allegations.

He was expelled from the Communist Party of China (CPC) on June 30.

State-controlled media said Xu, who was vice chairman of the commission from 2004 to 2012, has been charged with abuse of power, accepting bribes directly or via family members in exchange for promotions, and advancing the interests of those close to him through the powers vested in his office.

He is the highest-ranking current or former military officer to be caught up in the crackdown on corruption launched by Chinese president and CPC general secretary Xi Jinping.

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