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January 14, 2013

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Probe begins in official owning 16 properties

CHINA'S securities regulator has launched an investigation into a senior official in Fujian Province after the official's neighbor accused her of owning 16 improperly obtained real estate assets worth tens of millions of yuan, Xinhua news agency reported.

The official, Tian Liqin, former deputy head of the Fujian Securities Regulatory Bureau, denied allegations of wrongdoing, Xinhua reported.

Chen Xiuping, a resident in Fuzhou City, said in an Internet post that Tian, her neighbor, owns 14 apartments, a store and an underground parking space in Fuzhou and Shanghai, valued at more than 50 million yuan (US$8 million).

Chen demanded an inspection on suspicion that that value exceeds Tian's income. The apartments are registered under her husband, son and other relatives, Chen wrote.

"Her assets are seriously inconsistent with her normal salaries as a civil servant, and her son is still studying in Australia," Chen wrote online, where she listed the addresses of the assets and their registration status. Chen told Shanghai Daily that she lives next door to Tian's family, and she could not stand the family's arrogant manner when dealing with neighborhood disputes.

"I decided to give them a lesson after doing a lot of investigation," Chen said. "I hope authorities can look into the case and eliminate corruption."

Tian said the allegation is untrue and she is open to inspections, Xinhua reported. "Not all government officials are bad people, and not all home purchases are corruption. I will cooperate with the authorities," she said.




 

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