Corrupt officials fled with 480 million yuan, and his wife gave birth to three children

Mondo Social Updated on 2024-02-03

Those who try to abscond with money**, they may fantasize that they can escape the law by fleeing abroad. However, it is not necessarily a good thing to be penniless and stand in a strange land.

This point, the once notorious ** Xu Chaofan was deeply touched. He once fled abroad with hundreds of millions of ** funds, and thought he was smart enough to send his wife abroad in advance and get a green card through a fake marriage.

However, his bamboo basket was empty, his bank account was frozen, and to make matters worse, his fake marriage wife turned into a real wife.

It starts in 2001, when the head office of the Bank of China planned to connect the computers of branches across the country to manage the accounts in a unified manner. However, in the process of auditing the accounts, serious problems were discovered.

After the first audit, the system showed that there were $80 million in discrepancies. After re-verification, the number of shortfalls increased to 4$8.3 billion. This staggering number surprised everyone present.

Therefore, everyone urgently searched for the branch that was in deficit, and finally located in Kaiping City, Jiangmen, Guangdong. What is strange is that the three presidents of the Kaiping branch of the Bank of China at that time all mysteriously disappeared.

After discovering the connection between the huge deficit and the disappearance of the president, the leaders of the head office of the Bank of China immediately realized that the three men might have absconded with the money. As a result, they immediately notified the Guangdong Provincial Public Security Department and the customs department to prepare to intercept it, and this huge amount of corruption case gradually surfaced.

Xu Chaofan, Yu Zhendong and Xu Guojun were all involved in crime because of Xu Chaofan's deception. Xu Chaofan, as the most senior, regarded himself as the mastermind and led Yu Zhendong, Xu Guojun and others astray.

Xu Chaofan came from an ordinary family background and only had a junior high school education, but he entered the bank in 1982 by recruiting loan officers through the bank with his outstanding business ability, and later because of his outstanding performance, he was promoted all the way until he sat in the position of branch president, when he was only 30 years old, which can be described as a promising future.

However, after becoming the branch president, Xu Chaofan used his in-depth understanding of the banking business to begin to exploit management loopholes and embezzle, and his courage gradually increased, from hundreds to millions, and even embezzled foreign exchange.

But due to the continuous loss of foreign exchange speculation, he was unable to fill this hole, and finally embarked on the road of crime.

When the loss exceeded 100 million, his mentality changed drastically. In the past, he was always worried about things being revealed; Today, the deficit is so severe that there is no way to remedy it.

So he decided to give it a go and flee abroad. Yu Zhendong and Xu Guojun were promoted to the top at this time, and the three conspired to send their wives abroad first and fake marriages with locals, so that they could get green cards by marrying their wives after fleeing abroad.

Subsequently, the three of them joined forces to embezzle **, until the news from the bank that they wanted to settle the accounts online. Xu Chaofan had a premonition that the matter would be revealed, so he took Yu Zhendong and Xu Guojun and fled to Hong Kong first, then to Canada, and finally settled in the United States.

However, to Xu Chaofan's surprise, over the years, his wife has developed true feelings for foreigners who are sham married, and they have also given birth to three children. And he himself ended up being swept out of the house, and it seemed that a grassland had grown on his head.

He was in a low mood, and in order to get rid of his troubles, he used the money he got to squander in Las Vegas. However, three months later, he found out that his account was frozen, and at the same time, he was also placed on a red notice.

The once carefree life came to naught in an instant, and they could only hide like stray dogs**.

Years later, Yu Zhendong could not bear the huge pressure and quickly chose to return to China and turn himself in. However, Xu Chaofan was still lucky, thinking that as long as he survived this time, the rumors would gradually subside.

But he underestimated the country's determination to fight corruption. In 2018, after being chased for nearly 20 years, he was finally arrested and forcibly repatriated. After that, he will face severe punishment under the law.

Such an outcome is satisfactory, and it also serves as a warning that if the bottom line is crossed, the state will deal with it severely.

Related Pages