According to the investigation, during searches, 13.5 tons of gold and cash amounting to 286 billion yuan, equivalent to 23 tons of cash, were found at Zhang's premises.
“During the investigation, which began in 2019, it was established that assets worth billions of dollars were obtained through bribes for contract awards and land deals,” the media reports.
Previously, in China, former CEO of the investment company China Huarong International Holdings, Bai Tianhui, was executed for accepting bribes totaling around 156 million dollars. In February, the court upheld his sentence, rejecting the appeal filed.
