Morning Clicks

Communist Party report: Corrupt officials have fled with US$1t as of 2012

PUBLISHED : Monday, 21 January, 2013, 8:22am
UPDATED : Monday, 21 January, 2013, 8:58am

China abroad | China at home

In an article published on its website Saturday, the Economic Observer newspaper cites figures circulated last month by the Communist Party's Central Commission for Discipline Inspection for a work report on the latest anti-corruption efforts. The report states corrupt officials fled with have fled with a total of an estimated US$1 trillion (HK$7.75 trillion) in as of 2012, up from US$412 billion and US$600 billion in 2010 and 2011, respectively, and even more officials are expected to flee with an additional US$1.5 trillion 500 billion (HK$11.63 3.88 trillion) in 2013. 

A disciplinary commission official interviewed for the article also notes at least 714 officials are confirmed to have fled the country during the Chinese Mid-Autumn Festival and National Day holiday last year alone.


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