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Only US$3 left in company account after long-serving accountant pilfered nearly US$1 million to help son pay gambling debts

  • A Shanghai accountant who stole 6.3 million yuan (US$910,000) from her employer to pay off her son’s debts has gone viral on mainland social media
  • The company only realised the money was gone when it noticed that the firm’s bank account balance was just 20 yuan

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The 63-year-old Shanghai accountant says she felt she had no choice but to steal to keep her son from going to jail. Photo: SCMP composite
Liya Suin Shanghai

A 63-year-old accountant in China who stole 6.3 million yuan (US$910,000) from her employer to pay her 37-year-old son’s gambling debts, leaving just 20 yuan (US$3) in the company bank account, has gone viral on mainland social media.

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The Shanghai woman and her son, identified in media reports by the aliases Bao Qihua and Jiang Xiaobin, respectively, are being prosecuted for fraud.

From 2019 until 2021, the accountant systematically took funds from her employer’s bank account, Shanghai TV reported.

The company realised the money was gone and reported the theft to the police when it noticed that the company bank balance was just 20 yuan.

“It nearly drove me crazy,” the company owner, surnamed Li, told Shanghai TV.

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Bao said she stole the money after her son asked her to take money from her long-time employer to help pay his gambling debts.

Police say that by taking the money in smaller amounts over a long period of time enabled the woman to avoid detection for so long. Photo: Weibo
Police say that by taking the money in smaller amounts over a long period of time enabled the woman to avoid detection for so long. Photo: Weibo
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