Southforward.com – United States (US) is reported to have repatriated a suspect of corruption cases in China. The man allegedly embezzled USD 485 million from his company.
Quoted by Reuters on Wednesday (7/11/2018), He is known as Xu Chaofan, former president of Bank of China sub-branch in Kaiping in southern Guangdong province.
In a report from the China Morning Post, he was known to have fled to the United States in 2001. But he was detained in 2003 following the cooperation of law enforcers of both countries.
The widely publicized “Sky Net” operation to bring back fugitives from abroad suspected of corruption and economic crimes is a key part of President Xi Jinping’s campaign to combat corruption.
The Chinese Central Discipline Inspection Commission (CCDI) said that the suspect had been sentenced to 25 years in prison in the United States.
“He was convicted of the crime and sentenced to 25 years in prison in the United States in 2009 and has served his sentence there until he receives repatriation after pressure by the US and Chinese authorities,” the report said.
China continues to increase pressure for corruption suspects to press the same case in the country. It is meant to cooperate with intelligence from different countries.