China's Great Swindle: How Public Officials Stole $120 Billion and Fled the Country -- TimeJust how many corrupt Chinese government officials have fled overseas? How much money have they stashed away? And how did they manage to transfer abroad such colossal sums?
Last week, the People's Bank of China published a report that looked at corruption monitoring and how corrupt officials transfer assets overseas. The report quotes statistics based on research by the Chinese Academy of Social Sciences: 18,000 Communist Party and government officials, public-security members, judicial cadres, agents of state institutions and senior-management individuals of state-owned enterprises have fled China since 1990. Also missing is about $120 billion.
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My Comment: Mind you .... the West is no shrinking violet when it comes to corruption and theft of public monies.
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