China: campaign to hunt down economic fugitives abroad

shahennews

Chinese police have launched a new campaign to apprehend economic fugitives who have fled overseas, the country’s Ministry of Public Security said on Thursday.

The public security organ pledged all-out efforts to arrest economic fugitives who have fled abroad in the “Fox Hunt 2022” campaign, and will support discipline inspection and supervision departments in fugitive repatriation and the recovering of criminal assets, the ministry said.

The police will work with China’s central bank to crack down on illicit money transfers through offshore companies and underground banks, and step up efforts to fight money laundering, the ministry added.

Chinese police have arrested a large number of economic fugitives abroad and recovered approximately 1.4 billion yuan ($220 million) in illegal assets during last year’s “fox hunt” campaign, according to the ministry.

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