Friday 31 October 2014

China Snares 180 Fugitives Abroad in Global Anti-Graft Sweep

China said it has now captured 180 economic fugitives from 40 countries as part of a campaign started in July to recover billions of dollars of illicit gains.
The suspects were apprehended under Operation Fox Hunt 2014, the official Xinhua News Agency reported yesterday. Authorities arrested 104 suspects and the rest turned themselves in, Xinhua said. The number of those apprehended is up from 128 announced earlier this month.
The Communist Party under President Xi Jinping has mounted a crackdown on corruption that has netted thousands of cadres in the country and is targeting Chinese abroad. Between 2002 and 2011, $1.08 trillion of illicit funds were spirited out of
China, estimates Washington-based Global Financial Integrity.
China has sent 20 teams of investigators to Thailand, the Philippines, Malaysia, Cambodia and other neighboring countries, Xinhua reported. The government estimates the number of corrupt officials who have moved abroad at anywhere from 4,000 to 18,000 people, according to China’s chief prosecutor Cao Jianming.
The two top destinations for economic fugitives are the U.S. and Canada, in part because China doesn’t have extradition treaties with them, the official China Daily reported last month. The Australian Federal Police will take part in a joint operation with Chinese counterparts to seize assets of fugitive officials, the Sydney Morning Herald reported Oct. 20.

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