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11/04/2014

Topic Reading-Vol.937-11/4/2014

Dear MEL School’s Topic Readers,
China corruption: Record cash find in official's home
The house must be huge enough to hide cash worth for US$32 million, or 200 million yuan.
Since the largest banknote in China is 100 yuan, there must be at least two million banknotes hidden in the senior party official’s residence who was accused of one of the largest corruption cases since the anti-corruption campaign took place in 2013. The amount of cash was so huge that four counting machines broke during the measuring process.
The question is, who paid such a large amount of cash and how it was carried in the house.
Enjoy reading and thinking what kind of enterprises, institutions or organizations can pay out such a large amount of cash without valid bills and receipts as well as how the transaction or transportation could have been made.

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