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China auction goods seized from corrupt officials

China auction goods seized from corrupt officials

Authorities on Monday auctioned off jades, paintings and other items seized from six corrupt Chinese officials in an unusual effort to recover money lost to graft, a news report said.
More than 300 people attended the sale in the eastern city of Hefei in Anhui province, the Xinhua News Agency said.
The goods were seized from officials including Wang Huaizhong, a former Anhui deputy governor who was executed in 2004 for taking bribes, the report said.
The communist government has punished thousands of Chinese officials in a multiyear anti-graft crackdown. But publicly selling their ill-gotten gains is an unusual step.
The 676 items put up for sale included jewelry, paintings, jade and computers, Xinhua said.
"Many people showed interest, as the reserve prices of the ill-gotten gains were low," Cai Yi, general manager with the Guo'an Auction Co., was quoted as saying.
Xinhua gave no total for the money raised, but said at least 315 items were sold, with the most expensive priced at 20,000 yuan (US$2,500; euro2,000). Proceeds went to the local government.
A buyer paid 7,500 yuan (US$950; euro750) for an ivory fan seized from Xiao Zuoxin, former mayor of the city of Fuyang, who is serving a life prison sentence for taking bribes.
The buyer, Xu Yong, was not concerned about where it came from, Xinhua said.
"It had value in itself and was worth buying," he was quoted as saying.


Updated : 2021-01-21 23:09 GMT+08:00