Ex-Bank of China exec suspected of embezzlement repatriated from U.S.

On Monday, the Chinese foreign ministry confirmed that Xu Guojun had been repatriated from the United States. More than 2 billion yuan ($314 million) of funds from the case involving the three individuals have been recovered domestically and from abroad, according to the CCDI statement.


Reuters | Shanghai | Updated: 15-11-2021 14:04 IST | Created: 15-11-2021 13:44 IST
Ex-Bank of China exec suspected of embezzlement repatriated from U.S.
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A former president of a domestic branch of the Bank of China suspected of embezzlement has been repatriated to China after fleeing to the United States two decades ago, China's anti-graft watchdog said on Sunday.

The repatriation of Xu Guojun, former president of a BOC branch in the city of Kaiping in Guangdong province, was the result of international cooperation, the Central Commission for Discipline Inspection (CCDI) said in a statement. Xu was suspected of corruption and embezzlment of public funds with his predecessor Xu Chaofan and successor Yu Zhendong at the BOC branch.

Xu fled to the United States in 2001. On Monday, the Chinese foreign ministry confirmed that Xu Guojun had been repatriated from the United States.

More than 2 billion yuan ($314 million) of funds from the case involving the three individuals have been recovered domestically and from abroad, according to the CCDI statement. Yu Zhendong and Xu Chaofan were repatriated to China in 2004 and 2018, respectively. ($1 = 6.3787 Chinese yuan renminbi)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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