NANNING, Nov. 15 (Xinhua) -- A court in south China's Guangxi Zhuang Autonomous Region authorized the confiscation of the illegal assets of a Red Notice fugitive suspected of embezzlement on Thursday.
According to a verdict reached by the Intermediate People's Court of Guilin, 23 of the 52 real estate properties purchased by Huang Yanlan with illegal gains are to be confiscated, along with the illegal income generated from property renting and selling.
Huang, a former general manager of a state-owned enterprise in the city of Guilin and deputy head of a city government department, was suspected of misusing and embezzling about 1.17 billion yuan (168.8 million U.S. dollars) from the company's accounts from 1993 to 1998. She and her family allegedly purchased 52 real estate properties in Shanghai.
Huang fled the country after an investigation into her was launched in 2002. A Red Notice on Huang was issued by Interpol in 2005.
The court started the trial on confiscating Huang's illegal assets in May.
