17 Jun '11, 2pm

CHINA: Funcionarios chinos corruptos se llevaron afuera del país, 120 BILLONES

CHINA: Funcionarios chinos corruptos se llevaron afuera del país, 120 BILLONES

BEIJING - Corrupt Chinese officials siphoned more than US$120 billion out of the country in less than two decades, the central bank has said in a study highlighting the widespread scourge of government graft. Between 16,000 and 18,000 government officials and executives of state-owned firms have fled China or simply vanished with up to 800 billion yuan (US$123.7 billion) in illegal gains, according to the study. Higher-ranking officials carrying larger sums of money mostly fled to developed nations such as the United States, Canada and Australia, while others tended to choose nations closer to home such as Russia and Thailand, it said. A number of defectors used Hong Kong as a springboard to Commonwealth states while others hid out in small nations in Africa, Latin America and eastern Europe before they could get the documents needed to go to the West, it said. Official gr...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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AFP: #China says corrupt officials flee with $1...

sg.finance.yahoo.com 17 Jun '11, 11am

China says corrupt officials flee with $120 bn On Friday 17 June 2011, 16:49 SGT Corrupt Chinese officials siphoned more t...

Corrupt Chinese officials have siphoned more th...

straitstimes.com 17 Jun '11, 5am

BEIJING - CORRUPT Chinese officials siphoned more than S$153 billion out of the country in less than two decades, the cent...

Corrupt officials funnelled S$153 billion out o...

todayonline.com 18 Jun '11, 9am

BEIJING - Corrupt Chinese officials fled to the West with more than 800 billion yuan (S$153 billion) in "black money" in t...