And the Story Behind the Money Grabbing is Getting Just Sicker By the Minute....

Steal as much as you can before getting caught and then flee.

Central to the saga is 657.04 million yuan in loans, including interest, made by Shanghai Rural Credit Cooperatives Union to two Shanghai Land subsidiaries.

The loan, which was intended to give Shanghai Land enough operating cash to maintain its listed company status, was secured with a piece of land and a hotel in Shanghai.

The cash, which receivers say was never authorized by Shanghai Land's board of directors, is missing.

A senior executive who is presumed to know where the money is has long declined to help efforts to recover it.

Chau Ching-ngai, also known as Zhou Zhengyi is a fellow that was 11th on Forbes richest PRC Chinese. The equivalent of US$ 80 million is missing and they can't find it? Come on, the CCP officials know where it is, some of them have some of it! And who is this senior executive that refuses to cooperate? Why is he getting away with being able to skate out on responsibility? If they wanted to solve this they could.