FIRST AIRED: October 4, 2018

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Transcript

00:00:00
>>
APPLAUSE
>> If A-list Chinese actress Fan Bingbing can't pay $130 million, she faces jail for tax evasion. Fan had disappeared in June, sparking wild speculation as to her whereabouts. On Wednesday, State TV suddenly read out official charges against her. China has ordered her to pay millions in overdue tax and fines.
00:00:25
>> For taking a split contract so as to conceal actual income, Fan Bingbing will be fined four times the value of tax evaded. For the use of a studio account to conceal the true nature of personal remuneration, there will be a fine of three times the value of tax evaded.
00:00:39
>> Fan responded in a long social media post. She said she was, quote, ashamed of her behavior and would pay the penalties. The post also said, quote, without the good policies of the Communist Party, there is no Fan Bingbing. The South China Morning Post reported Wednesday, Fan was released two weeks ago from what it called residential surveillance at a holiday resort used to investigate officials.
00:01:02
It also cited unnamed sources who said Fan had been transferred to Beijing for further investigation. Reuters could not immediately reach Fan. State media said police had put a restriction on her agent for attempting to conceal and destroy evidence during investigations in June. The real life drama over Fan has played out as Beijing has accelerated a crackdown on the film entertainment industry.
00:01:24
It followed reports of some of China's most famous actors have been accused of signing so called Yin-Yang contracts. There's apparently set one figure as the real terms, while a second lower figure is shown to tax officials. State media saying as a first time offender, Fan will avoid criminal charges if she pays all the money by an undisclosed deadline.