Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

China says nets 180 graft suspects in overseas manhunt

Published 10/30/2014, 11:32 PM
Updated 10/30/2014, 11:32 PM
China says nets 180 graft suspects in overseas manhunt

BEIJING (Reuters) - China says it has captured 180 people suspected of committing economic crimes as part of an aggressive anti-corruption campaign targeting suspects who have fled abroad, state news agency Xinhua reported.

The campaign, dubbed Operation Fox Hunt, included the arrests of 104 suspects, Xinhua said late on Thursday, citing China's Ministry of Public Security. Seventy-six people returned to China to give themselves up, according to Xinhua.

The announcement came three months after the Chinese government launched the operation to hunt down officials and businessmen who have absconded, often taking their ill-gotten gains with them. The government has given no recent overall figure for the number at large around the world.

The Washington-based Global Financial Integrity Group, which analyses illicit financial flows, estimates that $1.08 trillion illegally flowed out of China from 2002 to 2011.

Chinese President Xi Jinping has launched a sweeping campaign against graft since assuming power two years ago, but has been hampered to an extent by difficulty in getting corrupt officials and assets back from overseas.

China does not have extradition treaties with the United States, Canada and Australia - the three most popular destinations for suspected economic criminals. In mid-October, Australian media reported that Australian police have agreed to assist China in the extradition and seizure of assets of corrupt Chinese officials.

Western governments have long been reluctant to hand over Chinese suspects because the ruling Communist Party controls China's courts and torture can be used to extract confessions, according to legal experts.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"Thanks to cooperation and support of related countries and regions, the operation made 'breakthroughs' in Africa, South America, the South Pacific and Western Europe," Xinhua said, citing the Ministry of Public Security.

Xinhua said China has sent 20 teams to Thailand, the Philippines, Malaysia, Cambodia and other neighboring countries, arresting 75 suspects.

On Wednesday, China's Foreign Minister Wang Yi appealed for international cooperation to fight corruption. Next month, countries attending the Asia-Pacific Economic Cooperation (APEC) summit in Beijing will agree to a deal to tackle graft.

Earlier this month, China said its fox hunt had netted 128 people who had returned from more than 40 countries.

(Reporting by Sui-Lee Wee; Editing by Jeremy Laurence)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.