Chinese Mayor Kept 13.5 Tons of Gold Hidden in His Basement


Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cash, as well as 13.5 tons of gold in ingots, valued at $625 million, in a secret basement of his home, according to local media. According to China’s anti-corruption laws, Qi will be executed. [Qi is a high official in the Communist Party, which claims to believe in equal distribution of wealth.] -GEG

Chinese police searched the house of Zhang Qi, 57, the former mayor of Danzhou, and found a large amount of cash, as well as 13.5 tons of gold in ingots in a secret basement of his home, according to local media.
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