China 2022-11-15T04:59:06+02:00
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Suspect in massive embezzlement case repatriated to China

Suspect in massive embezzlement case repatriated to China

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corruption, China, PRC, Repatriation, Xu Guojun, Bank of China
Bank of China. Photo by Xinhua.
Bank of China. Photo by Xinhua.

Xu Guojun, a former Bank of China (BOC) manager and a suspect in duty-related crimes, has been repatriated to China, authorities said, according to The Xinhua News Agency reports.

The former head of the Kaiping sub-branch of the BOC in south China's Guangdong Province, fled to the United States in 2001.

The other two former managers involved in this case, Yu Zhendong and Xu Chaofan, were repatriated in 2004 and 2018, respectively.

To date, over 2 billion yuan (about 312 million U.S. dollars) of stolen money has been recovered, authorities said.

The repatriation of Xu Guojun marks a significant progress in the handling of the 20-year-old case, said the office in charge of fugitive repatriation and asset recovery under the central anti-corruption coordination group.

The office vowed further efforts to hunt fugitives and recover assets.

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