Off the wire
• Infectious diseases kill 1,433 in China in Sept.  • First World Congress on Marxism held in Beijing  • Weather forecast for world cities -- Oct. 10  • China hopes RMB to join SDR basket later this year: official  • Sewage plant punished for fabricating pollution data  • Weather information for Asia-Pacific cities  • Bombs toppled power towers in S. Philippines  • Commentary: UNESCO's listing of Nanjing Massacre helps to preserve crucial human memory  • No one injured in high-speed ferry fire in HK  • China regulator mulls drafting rules on ride-hailing services  
You are here: 　 Home

China tracks 800 bln embezzeled money under Operation Skynet

Xinhua, October 10, 2015 Adjust font size:

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 U.S. 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. Endit