A Chinese banking official who allegedly resorted to forgery to amass a fortune in apartments in a nation where many can’t afford a single residence, will spend the next three years in jail, a court ruled on Sunday.
Gong Aiai, a 49-year-old former deputy head of Shenmu County Rural Commercial Bank in the city of Yulin in Shaanxi province, illegally purchased and forged identification documents to help build a portfolio of at least 44 apartments worth 395 million yuan (around $65 million), the official Xinhua news agency reported.
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James Areddy and Josh China, The Wall Street Journal via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/gRZL-z2gjwU/
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