China in anti-graft campaign recovers $125 million from 2,566 fugitives abroad

China captured 2,566 fugitives who had fled to more than 90 countries and regions and recovered 8.6 billion yuan ($125 million) during the "Sky Net" manhunt from 2014 to 2016.

Of them, 1,283 turned themselves in or were persuaded to return to China, according to a statement issued Saturday by the office in charge of fugitives under the central anti-graft coordination group.

A total of 410 had been members of the Communist Party of China or official staff, according to the statement. So far, 39 of China's 100 most-wanted have returned or been returned.

The campaign has effectively stopped corrupt officials from fleeing overseas, the statement said. The number of those who fled abroad dropped significantly over the period, from 101 in 2014 to 19 last year.

According to another statement by the Ministry of Public Security on Saturday, the "Fox hunt" campaign, an important part of "Sky Net," netted 951 fugitives suspected of economic offenses from 72 countries and regions in 2016.

Police nationwide have worked with the People's Bank of China and solved 380 cases of underground banks and money laundering, closing more than 500 underground banks.

Comments

Post a Comment

Popular posts from this blog

Taiwan launches first ever home-grown submarine project

Taiwan's president Tsai Ing-wen launched the island's first ever home-grown submarine project on Tuesday in the face of what the government says are growing military threats from the mainland.  The move comes after Beijing sent its only aircraft carrier, the Liaoning, through the Taiwan Strait in January, in one of a number of military drills held as relations deteriorate.  Taiwan last week warned of an increased invasion risk from the mainland and has pledged to boost its military in response.  Tsai called the launch of the submarine plan a "historic moment" at a naval base in the southern city of Kaohsiung.  She was presiding over a formal signing ceremony to initiate the project between the navy, Taiwanese shipbuilder CSBS Corporation and the National Chung-Shan Institute of Science and Technology, which develops combat system integration.  Delivery of the submarine is expected to take eight years and is part of the island's "indigenous defence policy
Read more

World's friable cities need a $78 trillion impulse

More people are living in urban areas than rural, making cities the world’s modern battlegrounds. The urban population is seen rising to 70% by 2050 from 55% in 2016, and its share of gross domestic product will almost double to $115 trillion by 2030. Getting city development right will be a big factor in eliminating poverty, according to Bank of America Merrill Lynch, and this will need serious money. “More than 80% of the world’s cities show signs of fragility yet the success or failure in meeting the world’s most pressing challenges will be decided in them,” BAML analysts, led by Sarbjit Nahal, London-based head of thematic investing, wrote in a report this month. Infrastructure will need $71 trillion to $78 trillion in investment over the next decade, and the “smart city” market will grow to about $1.6 trillion by 2020 from $1 trillion now, they estimate. Urbanization helped lift 500 million Chinese out of poverty and the World Bank estimates that a 230% increase in a country’s
Read more

Second Joint Army Exercise Between India and Oman: Al Nagah-li

Second edition of the joint exercise between the Indian and Oman Armies commenced today with the Opening Ceremony at Bakloh, Himachal Pradesh. The training contingents comprised of platoon strength from both the Armies, which will be validated over 2-3 days by senior military observers of both the countries. The previous edition of the Exercise was held at Muscat, Oman in 2015.  The aim of this exercise is to acquaint both forces with each other’s operating procedures, improve the interoperability in conducting joint operations in the backdrop of counter insurgency/ counter terrorism environment as also to enhance the existing military relationship between the Indian Army and the Royal Army of Oman. 
Read more