Tuesday, July 12, 2011

Interesting Chinese Government Media Report on Corrupt Officials Abroad

"According to a report published by the People's Bank of China in
June, the number of runaway corrupt officials – mainly supervisors and
managers from government departments, enterprises and institutions –
has reached 16,000, resulting in the transfer of 800 billion yuan
($119 billion) in assets to other countries or regions.
The report was allegedly retracted later by the central bank from its website.
Since 2007, at least 580 fugitives accused of illegal fundraising,
bank fraud, illegal transfer of funds abroad and contract fraud have
gone on the run in other countries, mostly in North America and
Southeast Asia, with Canada often cited as a haven for corrupt Chinese
officials and fugitives, the Ministry of Public Security revealed late
last year."

"Smuggler Lai Changxing nears extradition"

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