73% Back Death Penalty for Corruption
The recent announcement of further proposed reductions in the scope of the death penalty was...
economic crime
Chinese Billionaire Linked to Bo Xilai Detained
Xu Ming, founder and chairman of the Dalian Shide Group and one of China’s richest people, has been detained. Xu has been linked to Bo Xilai, the recently dismissed former party chief of Chongqing and former Dalian mayor....
Official: 580 Chinese Fugitives in Other Countries
After discovering that more than $3 billion in public funds has been misappropriated to unauthorized departments, the Chinese government has also announced that 580 individuals suspected of economic crimes have fled the country...
China Executes 2 for Defrauding Investors
AP reports on the execution of two business people who defrauded investors out of more than $127 million: China’s highest court said the fraud had “seriously damaged the country’s financial regulatory order and...
Five Jailed In China For Running Underground “Bank”
From Reuters: China has jailed five people for their part in running an illegal currency exchange business that handled billions of yuan in swaps between Hong Kong and the country’s south, state media reported Saturday....
China Arrests 370,000 Economic Crime Suspects in 7 Years – xinhua
From xinhua via People’s Daily: China’s police authorities disposed more than 400,000 economic crimes over the past seven years, arresting about 370,000 criminal suspects and recovering 100 billion yuan. The figures were released at an ongoing national symposium on economic crime. Zheng Shaodong, assistant Minister of Public Security, said at the symposium that world economic […]
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