• Tue
  • Sep 2, 2014
  • Updated: 12:33pm
NewsChina
CORRUPTION

Officials' luxury kickbacks to be auctioned in Wenzhou

PUBLISHED : Tuesday, 06 May, 2014, 2:39pm
UPDATED : Wednesday, 07 May, 2014, 3:18am

Luxury items given as bribes to government officials will be auctioned in Wenzhou , Zhejiang province, according to local anti-graft officials.

The kickbacks include a Cartier watch with a second-hand value of 20,000 yuan (HK$25,000) and other luxury-brand goods from companies including Dolce & Gabbana, Burberry and Gucci, Xinhua reported.

Most of the bribes were handed in voluntarily by officials in the city, according to the report.

They also include clothes, jewellery and vintage wines.

The auction has been organised by Wenzhou's anti-corruption watchdog and more than 80 lots will go under the hammer. The starting prices for the all the items totals 60,000 yuan.

The lowest opening price is 40 yuan for a Dolce & Gabbana shirt. A member of staff at the auction house said the style was outdated and the size meant fewer people were likely to bid.

The Cartier watch's starting price is 15,000 yuan.

Other items up for sale include stamps, expensive liquor and Chinese medicine.

The anti-graft agency said the proceeds of the auction would be deposited in a nationwide bank account containing cash taken by corrupt officials.

Antiques and paintings will be donated to museums.

The auction is open to the public and the lots will be on display from tomorrow to Saturday.

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