11 July 2018
U.S. authorities repatriated on Wednesday a Chinese man who embezzled $485 million from his employer. Xu Chaofan, a former president of a sub-branch of the Bank of China, left for U.S. in 2001. He was arrested in 2003 under the law enforcement agreement between U.S. and China. He was handed a 25-year jail term in the U.S. in 2009 and was serving his sentence there, since then. A sum of $300,000 was recovered from him. Reuters reported. His wife who was an accomplice in the corruption and serving a sentence in the U.S. will also be repatriated along with him.
Chinese officials welcomed this as an achievement of Sino-US anti-corruption law enforcement cooperation.
Western countries such as Australia, Canada and the United States are reluctant to repatriate because of lack of transparency in judicial process in China. China has pursued graft suspects overseas by asking families to contact them and encourage them to return, as well as by releasing personal details, such as their addresses.
