Another success for Xi's anti-graft campaign as Malaysia repatriates fugitive ex-banker
Ex-banker listed among China's top 100 graft fugitives sent back from Malaysia
A suspect named on China's list of 100 corruption fugitives has been sent back from Malaysia, Xinhua has reported.
The Central Commission for Discipline Inspection said yesterday that Malaysian police had detained former banking official Zhan Zaisheng.
He was transferred to the mainland during the National Day holiday, which ended on October 7, Xinhua reported.
Zhan allegedly profited from illegally raised funds involving more than 680 million yuan (HK$830 million). He worked at the Agricultural Bank of China in Fuqing county, Fujian .
China has signed extradition treaties with 39 nations, but not Malaysia.
The government launched operation "Sky Net" in April to go after suspects who had fled China, often taking large sums of money with them. The operation is part of an anti-corruption campaign launched by President Xi Jinping after he assumed power in 2013.
One component of Sky Net involves a nationwide operation to cut off illegal money transfers to overseas fugitives. Suspects usually transfer money to the domestic accounts of underground banks, who then ask their overseas partners to put the equivalent amount in designated accounts in foreign currencies, bypassing regulators.