Fugi­tives: Talks on as­set agree­ment ex­pected

China Daily (USA) - - CHINA -

by China Daily USA, 1500 Broad­way, Suite 2800, New York, NY 10036. Pe­ri­od­i­cal postage paid at New York, NY and ad­di­tional mail­ing of­fices. POST­MAS­TER: Send ad­dress changes to CHINA DAILY USA, 1500 Broad­way, Suite 2800, New York, NY 10036.

Tele­phone: Fax: made in nab­bing fugi­tives, au­thor­i­ties are fac­ing dif­fi­cul­ties in “con­fis­cat­ing and Sub­scrip­tion: Ad­ver­tis­ing: re­cov­er­ing large sums of il­le­gal Follow funds”,us on: the min­istry of­fi­cial said.

China in­tends to ne­go­ti­ate Web­site:with France to sign an agree­ment on shar­ing the il­licit as­sets that cor­rupt Chi­nese of­fi­cials have sent il­le­gally to France.

“Such an agree­ment will pro­vide a le­gal ba­sis for France to share the con­fis­cated il­le­gal funds with us, pro­vided they can iden­tify the money as il­le­gally trans­ferred to France,” he said.

Li Wei, a lawyer from the Beijing Lawyers As­so­ci­a­tion, said that af­ter sign­ing such CANADAan agree­ment, the two coun­tries will “share the ill-got­ten money in a rea­son­able pro­por­tion af­ter case-by-case ne­go­ti­a­tion based on in­ter­na­tional con­ven­tions”.

Ac­cord­ing to the min­istry, Chi­nese po­lice will place more em­pha­sis on re­turn­ing the ill­got­ten as­sets by en­hanc­ing com­mu­ni­ca­tion and strength­en­ing law en­force­ment co­op­er­a­tion in an ef­fort to freeze and re­cover the as­sets.

Huang Feng, a law pro­fes­sor at Bei­jingNor­malUniver­sity, said:“The pri­or­ity is to of­fer a © com­plete2016 China chainDaily of ev­i­dence All to Right­sour coun­ter­part­sRe­served in West­ern Vol. coun­tries36 — No. 11011to re­quest their ju­di­cial as­sis­tance in iden­ti­fy­ing, freez­ing and con­fis­cat­ing the il­le­gal pro­ceeds in Amem­berofa timely man­ner.”

theAsi­aNewsNet­work

CHINA DAILY (ISSN 0748-6154) is pub­lished daily ex­cept week­ends

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.