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RMB 800 billion transferred overseas by corrupted officials during 15 years [Copy link] 中文

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Post time 2011-6-16 16:27:23 |Display all floors
RMB 800 billion was transferred overseas by corrupted officials during the past 15 years
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Eight ways to transfer illegal assets overseas

BEIJING - Corrupt officials and company executives in China transfer their assets overseas through at least eight channels, according to a report released on Monday by the Anti-Money Laundering Monitoring and Analysis Center set up by the People's Bank of China.

Often a combination of legal and illegal channels is used to make cross-border transfers of ill-gotten gains, the report said.

The eight main channels are smuggling cash, underground banking services, trade under current accounts, overseas investment, credit cards, offshore financial centers, direct overseas payments and payments to family members or lovers living overseas.

However, the exact amount of assets transferred overseas, since Chinese officials on corruption charges began to flee the country at the end of the 1980s, remains a mystery, said the report.

The report quotes statistics released by the Chinese Academy of Social Sciences, which estimate that up to 800 billion yuan ($123 billion) has been transferred overseas by fleeing or missing officials and company executives since the mid-1990s.

The cross-border transfer of such assets causes huge losses to the country as the majority cannot be recovered and their whereabouts are hard to find, the report added.

The report also provided details about the destinations for corrupt officials and businesspeople.

People with a higher rank or larger assets tended to flee to Western countries such as the United States, Canada, Australia and the Netherlands.

Those who cannot reach Western countries directly, use Hong Kong or some small countries in Africa, East Europe and Latin America as a stopover.

Those with lower rankings or smaller assets often find safe havens in China's neighboring countries such as Thailand, Myanmar, Malaysia, Mongolia and Russia.

2011-06-16
h ttp://w ww.chinadaily.com.cn/china/2011-06/16/content_12708269.htm
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Post time 2011-6-16 16:44:32 |Display all floors
There were 16~18 thousand The missing and fleeing officials  in the past 15 years. (from the same report of People's Bank of China)
The money transferred overseas is about RMB 800 Billion.

800/16~18 = RMB 50~44.4 million each corrupted official.


+++++++++
That is to say, each corrupted government officials took away RMB 50 million.
Who said Chinese government officials are poor???
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Post time 2011-6-16 16:46:02 |Display all floors
There were 16~18 thousand missing and fleeing officials in the past 15 years. (from the same report released by People's bank of China)
The money transferred overseas is about RMB 800 Billion.

800/16~18 = RMB 50~44.4 million each corrupted official.

+++++++++++++++++
That is to say, each corrupted government officials took away RMB 50 million.
Who said that government officials in mainland China are poor???

[ Last edited by 468259058 at 2011-6-16 05:41 PM ]
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Post time 2011-6-16 17:10:04 |Display all floors
1. Gao Yan
The number 1 guy in Yunan province (the party secretary of Yunan) in 1995
The minister of electricity of China in 1997
fleeing from mainland China in 2002.

Central government stopped filtering this information until 2010-01-12.

2. Lu Wanli
The transportion department director of Guanzhou province

3. Yang Xiuzhu
The construction department director of Zhejiang province

4. Jiang Jifang
The cigarret department director of Henan province

5. Xu Guojun, Yu Zhendong, Xu Chaofan
The 3 sucessive directors of Guangdong branch of Bank of China.
(It's an interesting phenomena. The 3 sucessive transportion department directors of Henan province were arrested owing to corruption lately.)

Yu Zhendong himself took away 0.483 billion U.S dollar.

6. Lu Pu
The mayor of Xiamen city, Fujian province

*****, Beijing
*****, Hubei province
*****, Chongqing
*****, Heilongjiang province
*****, Hainan province
*****, Shanghai
*****, Shanxi province
*****, Jilin province
*****, Xin-jiang province



++++++++++++
One local governor was missing for 1 or several months.

Such rumors came out one after another across mainland China in the past few years.

Later most of such rumors proved to be true - the local governors fleeing

[ Last edited by 468259058 at 2011-6-16 05:42 PM ]
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Post time 2011-6-16 17:33:58 |Display all floors
A large amount of those government officials were "naked" government officials.
All of their family members except themselves had already thrown away Chinese citizenship before fleeing.


++++++++++++++++++++
Why don't Chinese politicians disclose the asssets and income of high-ranking government officials?

Can an entrepreneur (an owner of several factories) is both the council member of Chicago and the council member of Washington?

(An entrepreneur was both the council member of a city in Guangxi province and the council member of another city of Guangdong province.
We knew this case from a news report that the police didn't have the right to arrest him.
Local government granted the membership of city council as welfare to that factor owner after he had invested in that city.)

Can a Chinese citizen be elected as one of the American representatives, a house member or senator, in national Congress?

Can a U.S. citizen still be elected as a minister after all of his family members except himself threw away U.S of American citizenship and moved outside of U.S?

Why don't Chinese politicians disclose the citizenship of high-ranking government officials and congress members?

[ Last edited by 468259058 at 2011-6-16 05:39 PM ]
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Post time 2011-6-16 17:57:57 |Display all floors
A speical bureau should set up for those fled officials. And all the spendings of this bureau come from the assets they seek back from the corrupted officials.

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