Saturday, June 18, 2011

Chinese officials stole $120 billion, fled mainly to US

Chinese officials stole $120 billion, fled mainly to US...The stolen funds were allegedly smuggled out of China between the mid-1990s and 2008...Thousands of corrupt Chinese government officials have stolen more than $120bn (£74bn) and fled overseas, mainly to the US, according to a report released by China's central bank.
Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds

http://www.bbc.co.uk/news/world-asia-pacific-13813688

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