Ex-China banker wanted in US$485mil fraud case repatriated


BEIJING (Bloomberg): A former Bank of China Ltd manager who fled to the US two decades ago where he was convicted in a US$485 million fraud case has been returned to China, marking a victory in Xi Jinping’s efforts to have corrupt officials brought to justice back home.

The "forced repatriation” of Xu Guojun "marks significant progress in the handling of the 20-year-old case,” the ruling Communist Party’s Central Commission for Discipline Inspection said in a statement Sunday (Nov 14). It didn’t say whether Xu acted on his own accord or which country he was repatriated from.

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China , US , Xu Guojun , banker , repatriate

   

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