Dear FB Friends: CNBC News from Reuters: China seizes $14.5 billion assets from former leader -16 Hours Ago (Reuters) Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the centre of Chinas biggest corruption scandal in more than six decades, two sources said. More than 300 of Zhous relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources, who have been briefed on the investigation, told Reuters. The sheer size of the asset seizures and the scale of the investigations into the people around Zhou - both unreported until now - make the corruption probe unprecedented in modern China and would appear to show that President Xi Jinping is tackling graft at the highest levels. My Take: WHEN CAN WE DO THIS IN THE PHILIPPINES? Many of those who allegedly committed corruption in the last 50 years are still in position and in power!
Posted on: Mon, 31 Mar 2014 01:43:12 +0000
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