Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

China says fewer graft suspects fleeing as controls stepped up

Published 2017-04-24, 10:06 p/m
Updated 2017-04-24, 10:10 p/m
© Reuters.  China says fewer graft suspects fleeing as controls stepped up

BEIJING, April 25 (Reuters) - The number of corruption suspects fleeing China in the last four years has fallen dramatically as the government steps up controls on things like passport issuance for officials, the ruling Communist Party's anti-graft watchdog said on Tuesday.

China has pursued an overseas search dubbed Operation Fox Hunt for corrupt officials and business executives who have fled abroad with their assets, part of President Xi Jinping's war on deep-seated corruption.

In a lengthy statement offering rare details of the behind the scenes action taken, the Central Commission for Discipline Inspection said prevention was just as important as efforts to get back those already abroad.

In 2014, 101 officials fled abroad, in 2015 the number fell to 31, while last year only 19 escaped, it said.

It attributed the fall to strengthened measures, especially against those whose entire families are already overseas, like tighter passport controls and restrictions on moving money offshore.

In 2015, authorities published a list of 100 of the most wanted corruption suspects who had been targeted with an Interpol red notice, many living in the United States, Canada and Australia.

The commission said that so far 40 have returned to China, most of them who had been persuaded to give themselves up.

A poster of pictures of the 100 most wanted had a large red stamp reading in English "arrested" across the faces of those now back in China.

China has been pushing for extradition treaties but Western countries have been reluctant to help, not wanting to send people back to a country where rights groups say mistreatment of suspects is a concern and there is a lack of due legal process.

Some Western officials have also expressed concern that China has put undue pressure on family members to try and persuade graft suspects to return voluntarily.

The commission made no mention of these concerns, but said persuasion to return was a way to "persuade and educate" them to come back to China to "accept handling".

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.