Chinese banking official Gong Aiai was sentenced to three years in prison on Sunday for faking and trading IDs to buy numbers of apartments, The Wall Street Journal reported. Gong, a 49-year-old former deputy head of Shenmu County Rural Commercial Bank in Yulin city of Shaanxi province, illegally purchased and forged identification documents to help build a portfolio of at least 44 apartments worth around US$65 million (RMB395 million), the official Xinhua news agency reported. Her ability to get around China’s basic system of tracking its population with residency-registration IDs, known as hukou, pointed to cracks in the almost 30-year-old system.
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