Beijing Bites

College head on wanted list

The president of the PKU Resource Group, one of the four largest companies under the control of Peking University, is wanted by police for allegedly misappropriating almost 20 million yuan with five colleagues, prosecutors in Haidian district told the Beijing News.

The man surnamed Ye was thought to have escaped overseas, prompting the inclusion on the country's wanted list. This is the largest case in which executives distributed State assets among themselves in Beijing during the past two years.