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Close to Twenty Thousand Party Officials Fled China with Billions of Funds Since Mid 90s

The Beijing Municipal People’s Procuratorate’s Office announced that Party officials fleeing China have reached between 16,000 to 18,000 since the mid-1990s taking over 800 billion Yuan overseas. The money was primarily  misappropriated from major projects such as land development, tax revenue, loans from financial institutions, funds allocated for government expenditures and national economic programs.

In the past 30 years, the Beijing Municipal People’s Procuratorate has prosecuted over 16,000 cases of corruption and bribery. The Beijing Municipal People’s Prosecutor’s Office was established in January 1951 and closed down in 1966 during the Cultural Revolution. It was reopened in July 1978.

Source: Xinhua, November 9, 2008