Golden Mao Statue, Pricey Booze Among Arrested General's Stash
All three were made of gold.
The seizures, including several cases of Moutai, a sorghum-based spirit served on luxurious occasions, came to light this week in a report by the publication Caixin, which specializes in investigative journalism. Caixin cited anonymous sources.
The Chinese Army controls plenty of property—and has unloaded a lot of it over the years. By 2009, the PLA had sold as much as 30 billion yuan ($5 billion) of real estate holdings, the Chinese state press reported that year. Sales included land in central Beijing that private developers later turned into Diaoyutai No. 7, a row of apartment buildings carrying a price tag of as much as 300,000 yuan ($50,000) per square meter in 2011.