During searches, 13.5 tons of gold and 23 tons of cash, amounting to 286 billion yuan, were found in Zhang's possession.
According to investigative data, these billions of dollars in assets were obtained through bribes for contracts and land deals. The investigation began in 2019 and lasted several years before a verdict was reached.
It is worth noting that a former CEO of the investment company China Huarong International Holdings, Bai Tianhui, was previously executed in China after being investigated for receiving bribes totaling around 156 million dollars. In February, the court rejected his appeal and upheld the sentence.
