🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

China says 'Sky Net' campaign recovers $331 million in corruption losses

Published 31/12/2016, 02:27
China says 'Sky Net' campaign recovers $331 million in corruption losses

SHANGHAI (Reuters) - China has recovered 2.3 billion yuan (268.45 million pounds) in losses from graft in the first 11 months of this year from across more than 70 different regions and countries, the country's corruption watchdog said on its official website on Saturday.

The news comes after Beijing shifted the focus of its corruption campaign to recover illicit funds taken overseas as part of the country's multi-agency "Sky Net" campaign launched in 2014.

The Central Commission for Discipline Inspection (CCDI) said that 908 people who were on the run have been captured, 122 of whom were government officials.

The commission added that it would strengthen its campaign by tightening co-ordination, doubling-down on "Sky Net 2016" by focusing on key countries and cases and increase international cooperation.

Since coming to power in late 2012, President Xi Jinping has vowed to pursue powerful "tigers" as well as subordinate "flies" in a campaign against pervasive corruption.

China's most-wanted corruption suspect Yang Xiuzhu, a former deputy director of Wenzhou's construction bureau, returned to the country from the United States in November, turning herself in after 13 years on the run.

China said on Friday it will prosecute one of its former spy chiefs, accusing him of bribery and abusing his power to interfere in law enforcement.

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.