Recently, a woman in Nanchong, Sichuan, posted a video on social media, openly accusing her father-in-law and mother-in-law of holding a large amount of undisclosed assets under their names, sparking social attention. The news quickly made it to the top of the trending list.
According to the woman, her father-in-law is the director of the Price Supervision and Inspection Office of Nanchong Municipal Price Bureau, and her mother-in-law is the director of the Finance Department of the South Branch of Industrial and Commercial Bank of China. The couple’s assets amount to nearly one billion yuan, including 8 commercial shops, 3 residential properties, as well as a large number of redwood furniture and collected calligraphy and paintings, far exceeding their normal income levels within the system.
Responding to the incident, on July 19th, staff from the Development and Reform Commission of Nanchong City confirmed that the accused individuals did indeed work in their unit and have been retired for several years. An investigation into the matter has been initiated.
The incident has stirred discussions among netizens. Many speculate that the woman may have reported them due to not receiving a fair share of the family’s wealth.
One netizen named “Gao Xiaogui Xiaogao” commented: “The woman must have suffered a lot in her marriage, otherwise, she would have endured it for the sake of the children. A thorough investigation is needed.”
Similar incidents frequently occur in mainland China. In June this year, a netizen filed a report revealing that their former father-in-law’s family, all ordinary bank employees, purchased a villa worth tens of millions of yuan in Wuhan and illegally invested in a highway.
On June 8th, the Hubei Branch of the Agricultural Development Bank of China issued a statement in response to the circulating video submitted by the former daughter-in-law, involving staff from the bank’s subordinate institutions.
The statement mentioned that the accused Xu, a retired employee from the Shuizhou Branch, was reported by Wu, Xu’s former daughter-in-law. The Agricultural Development Bank is currently investigating Wu’s report about Xu.
Prior to this, a woman, claiming to be the former daughter-in-law of the chief auditor at the Shuizhou Branch of the Agricultural Development Bank of China, released a video accusing her former father-in-law of possessing significant undisclosed assets.
The woman claimed that her father-in-law Xu’s family purchased a villa worth tens of millions in Wuhan. During her marriage, she discovered a substantial amount of undeclared income in her father-in-law’s household.
She revealed that through casual conversations, she learned that her father-in-law was involved in some form of illegal participation in the construction of the Han-Ezhou and Han-Cai expressways, which continuously brought in a “huge fortune” for the family.
She raised suspicions that her father-in-law might be involved in illegal activities. As her father-in-law worked in the bank’s audit department, he may have had the space to manipulate fund use and loan approvals.
In April this year, the personnel issues of the Agricultural Development Bank of China sparked public attention due to a primary student’s sentence “I want to be a bank president when I grow up,” “Take over my dad’s position,” “Inherit our family wealth.”
At the time, a spokesperson for the bank responded that upon investigation, the student in the video was indeed the child of a bank employee, whose father served as the branch manager, mother as the deputy director of a department in the city branch, and both grandfathers had retired from the Agricultural Development Bank years ago.
The Agricultural Development Bank’s headquarters had previously implemented strict regulations, requiring job applicants to declare no close relatives working in the bank, whether through campus recruitment or open recruitment processes; otherwise, they would not be hired.
Netizens pointed out that the student’s family portrayed a case of “hereditary power passing down through generations,” exposing a network of power succession within close relatives and possibly revealing the power structure of a certain prefectural-level city.