Chinese property developer flees to NZ

Posted on September 19, 2014 by | 0 Comments

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A prominent Chinese property developer has fled to New Zealand after being caught up in an anti-corruption probe into the former deputy mayor of Guangzhou, China’s fourth-largest city, according to a foreign media report.

London’s Financial Times reports that Tan Bingzhao, a New Zealand citizen, allegedly paid “huge bribes” to vice-mayor Cao Jianliao in return for cheap land and commercial contracts.

Cao was dismissed from his position earlier this year for corruption and is currently in prison.

Investigators have accused him of graft worth up to US$43 million and sexual relations with as many as 11 mistresses, according to the report.

The Financial Times said Beijing had asked the New Zealand Government for information and permission to interview Tan, as well as Cao’s wife, child and mistress who were already living in this country when he was detained in December following an investigation by the Communist Party’s Central Commission for Discipline Inspection (CCDI).


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