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The former chairman of a Chinese bank is being investigated for taking “huge bribes”, which allegedly funded the purchase of two Australian properties and enabled a transfer of $6 million to his wife in Sydney.
As the Chinese government attempts to halt capital outflows, the investigation into Li Ruohong’s cash transfers highlight how easily corrupt officials appear to be moving illicit funds out of the country.
Mr …
Read the full article at: http://www.afr.com/news/world/asia/chinese-accuse-graft-suspect-of-funneling-cash-into-sydney-property-20160126-gme7ce