News Summary: Banker accused of China land fraud
China arrests bank officer accused of amassing vast property holdings under fake identities
ARRESTED: A bank officer from a poor region in rural China was arrested Monday on suspicion of forging official documents in a campaign that amassed her a real estate empire worth at least $160 million.
THE ACCUSATIONS: Gong Ai'ai is accused of acquiring 45 properties in three cities by misusing her power while working for the county-backed Shenmu Rural Commercial Bank to give loans to mine operators in the area in return for cash or shares in the mines.
FAKE ID: Gong is accused of using that money and at least three fake national identity cards obtained with help of corrupt police to fund her real estate purchases.
