Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping
English websites of Chinese embassies




Home >> China
UPDATED: 08:05, February 17, 2007
Half corrupt officials that flee China are heads of State Owned Enterprises
font size    

Half of the corrupt officials who flee China to escape prosecution are heads of State Owned Enterprises (SOEs), according to a survey of 42 corrupt officials conducted by an anti-graft research group.

Hu Xingdou, professor of Beijing Institute of Technology, said the officials used overseas business connections to flee the country.

"As China's SOEs are usually leading players in their industries, most of them have overseas businesses and even overseas branches, so they can use these overseas contacts," he said.

The survey showed most corrupt officials went to the United States, Thailand, Australia, Canada and Russia to seek asylum.

A lack of supervision within the SOEs was also to blame for official corruption.

"Personnel in charge of discipline and supervision in the SOEs are usually lower than the SOEs' number one official in rank and are unable to monitor the head officials' power," Hu said.

Up until May 2006, there were 800 suspects wanted for economic crimes at large overseas. They are accused of embezzling nearly 70 billion yuan (875 million U.S. dollars), according to the Ministry of Public Security.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Dic

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Versions:
Copyright by People's Daily Online, all rights reserved