Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

China gives 'priority list' of wanted officials to U.S.

Published 25/03/2015, 03:53
China gives 'priority list' of wanted officials to U.S.

BEIJING (Reuters) - The Chinese government has provided a "priority" list to the United States of Chinese officials suspected of corruption and are believed to have fled there, a top state-run newspaper said on Wednesday.

Last year, Chinese officials said more than 150 "economic fugitives", many of them described as corrupt government officials, were in the United States.

Xu Jinhui, head of the anti-graft bureau at the state prosecutor, told the official China Daily that "a priority list of alleged Chinese corrupt officials" believed to be at large in the United States has been provided to U.S. authorities.

Most suspected corrupt officials overseas either worked for the government or state-owned enterprises and took bribes or embezzled public funds, Xu said.

The report did not elaborate.

Senior U.S. officials will meet their Chinese counterparts in August to discuss the possibility of repatriating Chinese officials who have fled to America with billions of dollars of allegedly stolen government assets, a U.S. official said last month.

Xu added that Chinese authorities will start legal procedures to confiscate assets overseas, the newspaper said.

"Once in possession of solid evidence, we will initiate confiscation procedures according to the law," he said, again without elaborating.

The United States may deport to China the ex-wife of a fugitive Chinese official indicted on money laundering and immigration fraud charges, a U.S. prosecutor said last week.

But there is no extradition treaty between the two countries and Western governments have long been reluctant to hand over suspects because of a lack of transparency and due process in China's judicial system.

Liu Dong, head of the Chinese Ministry of Public Security's economic crimes division, told the China Daily that U.S. authorities are prejudiced against China's legal system and "mistakenly believe we would undertake unfair prosecution of suspects".

The Chinese government has launched a campaign, dubbed Operation Fox Hunt, to hunt down officials and businessmen who have absconded, often taking their ill-gotten gains with them, part of President Xi Jinping's battle against deep-seated graft.

Last week, the Communist Party's anti-corruption watchdog said that 500 suspects were repatriated to China last year, along with more than 3 billion yuan ($484.32 million).

The watchdog said that in some instances its officials would give evidence to host countries so suspects could be prosecuted there, or to help with their repatriation.

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.