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The Guardian - UK
The Guardian - UK
World
Amy Hawkins Senior China correspondent

Unsafe at the top: China’s anti-graft drive targets billionaires and bankers

Xi Jinping China Corruption CCDI CCP Zhao Weiguo
Xi Jinping, the Chinese president, addresses the Central Commission for Discipline Inspection, the anti-graft watchdog.
Xi Jinping, the Chinese president, addresses the Central Commission for Discipline Inspection, the anti-graft watchdog. Photograph: Xinhua/REX/Shutterstock

A moment of pity for the uber-wealthy. According to the Hurun Global Rich List, China has more billionaires than any other country. But it is also the place in which the monied must watch their back.

On Friday, Fu Xiaodong, a former senior official at China Development Bank, was sentenced to 10 years in prison for accepting 4.3m yuan (£503,466) in bribes during his tenure between 2007 and 2020. Days earlier, the former director of the supreme people’s court enforcement bureau was sentenced to 12 years in prison for accepting bribes worth 22.74m yuan (£2.65m). Meng Xiao was found guilty of abusing his position for financial gain for more than a decade.

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