Detained Stanchart banker Eden Wu with her fiance Jason Tan during happier times.
The Ministry of Public Security has filed an Interpol Red Notice on Sun Feng, a former branch manager with the Agricultural Bank of China in Jiangyin county, for absconding away with an estimated $50 million.
Meanwhile, Wu Yidian Eden, the Singaporean Standard Chartered employee who was managing his private banking account, continues to be detained by the Wuxi Public Security Bureau in a 10 square metre motel room, three weeks after she was first taken in on charges of “harbouring and shielding criminal activity”.
Zhou Wenjing, Sun’s successor at the bank’s Yaosai branch in Jiangyin said savings deposits by individuals have been left untouched as Sun used his position as branch manager to raise funds from individuals.
Among those worst hit by Sun’s scam is one Zhao Jidi, the party secretary of Longsha village, not far from and similarly wealthy to Huaxi, a village that has come to be known as China’s richest.
Zhao is said to have loaned Sun and a company associated to him some 98 million yuan. An estimated 50 million yuan may have come from Longsha’s village coffers, according to an insider cited by the Economic Observer.
Longsha party whip Wang Qi has vehemently denied the suggestion. He said he had embarked on an investigation upon hearing the “rumours” that Zhao may have illegally moved funds away from the village account but found “no such thing”. “Even if Secretary Zhao loaned Sun Feng the money, that has to be money she raised outside,” he asserted.
When contacted by a reporter from the Economic Observer, Zhao said, “Don’t ask me. I don’t know anything,” before hanging up.
In late December, Sun mortgaged his apartment, then took his wife, parents and two children to Thailand on “vacation”, never to return to China again. Wuxi police say Sun is a Singapore passport holder and may have fled to Canada via Singapore.
In an interview with the Singapore Chinese daily Lianhe Zaobao, the mother of Wu Yidian said she arranged for Sun to be picked up at the airport when he arrived in the Philippines, but little did she know, he was already on the escape.
Meanwhile, Wu’s fiance, Jason David Tan, an American citizen, has stuck by her side, posting regular updates on his blog. In his latest updates, he revealed that Wu has finally been allowed access to her cell phone, and that she would be meeting her lawyer for the first time in three weeks.
The two were supposed to have been married this Saturday, but the wedding has been postponed to a later date.