China to seize 3.1 bln yuan in assets linked to exiled former vice mayor

Authorities in China are moving to seize more than 3 billion yuan (US$435 million) in assets belonging to a former high-ranking official from the northeastern province of Heilongjiang who has fled to the United States, claiming to be a persecuted critic of the government.

According to the Mudanjiang Intermediate People's Court, former Jixi vice mayor Li Chuanliang stands accused of holding illegal assets including real estate, companies and engineering equipment worth 3.1 billion yuan, according to details it published in the Oct. 11 edition of the People's Court Daily, a specialist legal newspaper. Li, 61, who has served as vice mayor of both Jixi and Hegang cities, stands accused of embezzling public assets, accepting bribes and appropriating public funds by awarding contracts to companies he secretly owned, the state-run China Daily newspaper reported.

Li fled China in 2018, two years before China issued an international "red notice" arrest warrant for him via Interpol.

Read more