Anti-graft net re­cov­ers as­sets, too

Of­fi­cial says re­turn of ill-got­ten gains is just as im­por­tant as bring­ing back eco­nomic fugi­tives

China Daily (Hong Kong) - - FRONT PAGE - By ZHANG YAN and CAO YIN

While China is see­ing an in­creas­ing num­ber of fugi­tives sus­pected of cor­rup­tion be­ing re­turned from over­seas, thanks to in­ter­na­tional co­op­er­a­tion, the coun­try is also beef­ing up ef­forts to re­cover their ill-got­ten as­sets.

Be­tween Jan­uary 2014 and Novem­ber this year, 2,442 Chi­nese fugi­tives sus­pected of eco­nomic crimes, in­clud­ing 397 of­fi­cials, were brought back from more than 70 coun­tries and re­gions, ac­cord­ing to the Com­mu­nist Party of China’s Cen­tral Com­mis­sion for Dis­ci­pline In­spec­tion, the coun­try’s top anti-graft watch­dog.

In the same pe­riod, 8.54 bil­lion yuan ($1.24 bil­lion) in il­le­gal as­sets was re­cov­ered, ac­cord­ing to the CCDI.

“Get­ting these il­licit as­sets is just as im­por­tant as bring­ing the fugi­tives back,” Liu Jian­chao, di­rec­tor of the CCDI’s In­ter­na­tional Co­op­er­a­tion Bureau, said in an in­ter­view ahead of this year’s In­ter­na­tional Anti-Cor­rup­tion Day, which falls on Fri­day.

“Hunt­ing the fugi­tives is to make them face ju­di­cial pun­ish­ment. Re­cov­er­ing the money is to stop them from en­joy­ing the div­i­dend of es­cape and to min­i­mize the loss to the coun­try and the peo­ple,” Liu said.

He ac­knowl­edged that China faces some chal­lenges in re­cov­er­ing the il­licit as­sets, such as the lack of a clear un­der­stand­ing of out­flow chan­nels and in­suf­fi­cient in­ter­na­tional agree­ments for such re­cov­ery.

di­rec­tor of the CCDI’s In­ter­na­tional Co­op­er­a­tion Bureau

He said that China will en­hance in­tel­li­gence shar­ing with other coun­tries and try to of­fer them as much ev­i­dence as pos­si­ble, in­clud­ing the chan­nels of out­flow for and where­abouts of the as­sets, in re­quest­ing ju­di­cial as­sis­tance and to help in­ves­ti­ga­tors.

So far, China has signed bi­lat­eral agree­ments with fi­nan­cial in­sti­tu­tions in 42

Liu Jian­chao,

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.