Source: China State Council Information Office 2
A court in Hohhot, north China’s Inner Mongolia Autonomous Region, ruled Tuesday that nine properties of a red notice fugitive, which are highly likely to be part of his illegal gains, should be confiscated.
The court found that Bai Jing, an embezzlement suspect who is on the list of China’s most wanted graft suspects, took advantage of his post as an official of the Agricultural Bank of China to embezzle funds and obtained illegal gains totaling over 200 million yuan (about 30.4 million U.S. dollars) from 2008 to 2011.
He later used part of the illicit gains to buy multiple housing estates in Beijing and Sanya, a city in Hainan Province, under the names of his relatives.
According to the court ruling, Bai’s crime of embezzling public funds is supported by relevant evidence, and the nine properties in question were most likely purchased with the illegal proceeds he embezzled from public funds.
Bai fled overseas in 2013 and failed to turn himself in after the warrant for his arrest was issued.