A woman wanted in connection with a nearly 3 billion yuan bank fraud has been sent back to China from Thailand, after Beijing deployed special teams abroad to search for her and issued an Interpol alert, the Ministry of Public Security has said.
Yu Guorong has been charged with illegally using financial instruments and misappropriating public deposits in her role as a former head of Jiulongpo branch of the Bank of China in Chongqing, in a case totalling 2.8 billion yuan (HK$3.54 billion).
Her alleged crimes span nearly a decade - from 1989 to 1998, China News Services reported. Yu, who is said to be 67, fled China after the allegations surfaced.
The ministry said it had issued a "red notice" arrest warrant for Yu on Interpol and had twice sent special teams abroad to investigate. In May, Yu was found to be hiding in Thailand.
She had been arrested and the investigation was continuing, the ministry said.
A significant number of Chinese citizens who have fled abroad with illegally acquired funds over the past decade are corrupt government officials and senior executives from financial institutions or state-owned enterprises, according to a survey by Caijing magazine.
On August 19, the head of Shanghai's largest insurance agency was caught in Fiji and escorted back to China by police officers.
Chen Yi, former general manager of the Shanghai Fanxin Insurance Agency, allegedly took 500 million yuan from the company, according to local reports.
The arrest came four days after the China Insurance Regulatory Commission said Fanxin had sold unauthorised wealth management products.
Shanghai police began investigating the case after an informant told news portal Sina.com that Fanxin was having financial problems and that Chen had fled to Canada with the money.