China's ex-banker found with 44 properties, jailed
Gong
Aiai,
mocked
by
Chinese
netizens
as
"Sister
House",
was
found
with
a
huge
number
of
properties
purchased
under
fake
IDs,
and
was
convicted
at
the
People's
Court
of
Jingbian
county,
reported
Xinhua.
The total property was valued at around 395 million yuan
Gong, former deputy head of the Shenmu county rural commercial bank in Yulin city, was found to have illegally purchased Beijing hukou (household registration) for her daughter and herself at a cost of 300,000 yuan ($48,000) in 2005, in order to buy houses in the capital.
In January, online whistleblowers revealed that Gong had more than 20 properties in Beijing worth an estimated one billion yuan.
A police investigation found that Gong under four IDs possessed 44 Beijing properties with total floor space of 10,543 square metres. The total property was valued at around 395 million yuan.
Gong previously said in court that she earned money mainly through coal business and had borrowed money from friends. She claimed that all her possessions were gained through legal means.