People’s Daily recently reported that the Chinese Communist Party’s Central Discipline Inspection Commission (CCDI) established a new unit called the International Cooperation Bureau. The key mission of the new Bureau is to pursue stolen money and escaped law-breaking former officials overseas. Over the years, a large number of corrupt officials successfully fled China and transferred a massive amount of money overseas. The new Bureau is to take advantage of the latest developments in the international banking industry to investigate and track down the criminals’ financial chains by working with foreign authorities and banks. This is a major organizational change for the CCDI, which is a Communist Party branch with a newly added function to conduct investigations in legal cases.
Source: People’s Daily, July 28, 2014
http://politics.people.com.cn/n/2014/0728/c70731-25356331.html