BEIJING: A former president of a domestic branch of Bank of China suspected of embezzlement was repatriated to China after fleeing to the US, the country's anti-graft watchdog said on Sunday .
The repatriation of Xu Guojun, former president at BOC's branch in the southern Kaiping city of Guangdong province, was the result of an international cooperation, the Central Commission for Discipline Inspection said in a statement, without specifying from which country Xu was sent directly. Xu was suspected for embezzlement with another two former presidents of the Kaiping branch of BOC before he fled to the US in 2001.
Authorities and BOC have recovered more than 2 billion yuan of funds from the case involving the three individuals, according to the CCDI statement. The two other former executives, Yu Zhendong and Xu Chaofan, were repatriated to China in 2004 and 2018 respectively.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines central bank says it may continue easy policy to support growthMANILA: The Philippines central bank may continue its accommodative policy stance even as it expects the economy could exceed the government\u0027s growth target this year, its governor said on Sunday (Nov 14). Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said full-year growth of 5 per cent to 6 p
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China regulator proposes cybersecurity review for some firms planning Hong Kong IPOsBEIJING :China's cyberspace regulator on Sunday published draft rules proposing that companies planning Hong Kong initial public offerings be required to apply for cybersecurity inspections, if they handle data that concerns national security.The Cyberspace Administration of China's (CAC) latest draft proposa Sell for now talk later. China markets not looking good.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China regulator proposes cyber security review for some firms planning Hong Kong IPOsBEIJING : China's cyberspace regulator on Sunday published draft rules proposing that companies planning Hong Kong initial public offerings be required to apply for cyber security inspections, if they handle data that concerns national security.The Cyberspace Administration of China released the draft rul One word: CONTROL. CCP wants to pull the strings of everyone’s purse. That is what 'International Financial Center' look like. Such international financial hub… what a joke
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, China trade Taiwan warnings ahead of Biden-Xi summitWASHINGTON: The top diplomats from China and the United States have exchanged stern warnings over the flashpoint issue of Taiwan, ahead of Monday\u0027s (Nov 15) hotly awaited summit between their leaders. Th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China satisfied with Boeing 737 MAX changes, seeks industry feedback: SourceBEIJING: China\u0027s aviation regulator has told airlines it is satisfied that design changes Boeing Co proposed for its 737 MAX plane could resolve safety problems, in a sign it is closer to lifting a more than two-year flight ban in Chinese skies. The Civil Aviation Administration of China (CAAC) invited air
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Study says Japanese, Korean and Turkish languages all emerged from common ancestor in northeast ChinaHONG KONG — Modern languages ranging from Japanese and Korean to Turkish and Mongolian may share a common ancestor from ancient China around 9,000 years ago, according to a new study. Excuse me, China only has 5000 years of history *prehistoric, ancient Northeast ‘china’. Misleading headline, not related to modern Chinese languages
Source: TODAYonline - 🏆 1. / 99 Read more »