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China official accused of stealing US$240 million

HONG KONG -- A Chinese post office director has been accused of stealing more than US$240 million from customers to help pay off her gambling debts and make personal investments, local media reported on Tuesday. He Liqiong, 43, who managed a post office in the southern Chinese city of Foshan, is accused of amassing 1.79 billion yuan over three years by siphoning cash from hundreds of depositors at her branch.

"He Liqiong is suspected of using 19.8 million yuan to repay gambling debts, more than 73 million yuan for investments, and around 20 million yuan to speculate on land around Foshan," the Sing Tao Daily quoted police investigators as saying.

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