China tracks 800 bln embezzled money under Operation Skynet
Updated: 2015-10-10 21:09
(Xinhua)
|
|||||||||
BEIJING - The money trails left by many fugitive corrupt officials have been tracked by Chinese authorities uncovering financial channels and methods used by fugitive corrupt officials.
Officials have so far handled 92 major cases, involving 800 billion yuan (126 billion US dollars) of embezzled money transferred through underground banks and offshore companies, the People's Bank of China (PBOC) said on Saturday.
Since April, five ministries have worked together to track down illicit assets exported overseas, under the wider "Operation Skynet" campaign, which aims to hunt down corrupt officials that have fled abroad.
Five government departments -- the PBOC, the Ministry of Public Security, the Supreme People's Court, the Supreme People's Procuratorate, and the State Administration of Foreign Exchange -- jointly coordinated the investigation.
- One killed in Northern Arizona University shooting
- Students join outdoor courses in countryside
- Stewardesses trained to show sweet smile
- Tourist attractions receive30 million visitors during Golden Week
- Top 10 most competitive economies
- Cold wave sweeps through China
- Taking a peek
- News you don't wanna miss over the National Day holiday
Most Viewed
Editor's Picks
8 highlights about V-day Parade |
Glimpses of Tibet: Plateaus, people and faith |
Chinese entrepreneurs remain optimistic despite economic downfall |
50th anniversary of Tibet autonomous region |
Tianjin explosions: Deaths, destruction and bravery |
Cinemas enjoy strong first half |
Today's Top News
Tu first Chinese to win Nobel Prize in Medicine
Huntsman says Sino-US relationship needs common goals
Xi pledges $2 billion to help developing countries
Young people from US look forward to Xi's state visit: Survey
US to accept more refugees than planned
Li calls on State-owned firms to tap more global markets
Apple's iOS App Store suffers first major attack
Japan enacts new security laws to overturn postwar pacifism
US Weekly
Geared to go |
The place to be |