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Gu Kailai, the wife of disgraced Chinese politician Bo Xilai has admitted to murdering British businessman Neil Heywood because he knew too much about her illegal financial dealings. Gu said she killed Heywood, 41, to stop him from revealing the billions of dollars she illegally moved to overseas accounts. According to the New York Daily News, authorities believe the 53-year-old had transferred 6 billion dollars to accounts under the names of relatives and acquaintances in the U.S. , Britain and other countries to hide undeclared income she had been receiving since the early '90s. Heywood reportedly helped Gu open the accounts and exchange currencies. Gu was under investigation for her financial dealings last November when Heywood was found dead in a hotel in Chonqing, the central Chinese city where her husband, Bo, was the Communist Party chief. At the time, officials under the control of Bo, said Heywood died from a drinking binge and quickly cremated his body. Sources who obtained "an interim investigation report circulated among senior party officials," said Gu admitted to the murder because she felt "driven into a corner" by the investigation into her finances. The wife of the ousted Chonqing leader, who is currently being interogated by government officials in northen China, gave a detailed description of how she committed the murder and also admitted to taking bribes and cross-border remittances.

Wife of fallen Chinese leader Bo Xilai admits murdering British businessman Heywood