China says missing actress fined for tax evasion

Beijing (CNN)Chinese actress Fan Bingbing has been fined for tax evasion, state media reported Wednesday, the first public pronouncement about the star since she mysteriously disappeared from public view in June.

According to state-run news agency Xinhua, Fan has been ordered to pay almost $130 million, after she misreported how much money she had received for certain film projects, using so-called “yin-yang contracts” to conceal from the authorities her true remuneration and avoid millions of dollars in taxes.
Fan and companies related to her were ordered to pay around $42 million in late taxes and fees, along with a fine of $86 million. Because she was a first-time offender, the government said criminal charges would not be filed against her if she pays all the money by an undisclosed deadline, Xinhua reported.

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