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China's Fugitive Officials and Vanishing Fortune

    https://doi.org/10.1142/S179393051500015XCited by:3 (Source: Crossref)
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    Abstract

    Thousands of corrupt officials have fled the country to safe havens in countries, taking with them billions. The government-pioneered “persuasion” method accounted for 40% of the corrupt officials repatriated in 2014. Considerable challenges remain in political reforms; excessive concentration of power and the pervasive guanxi networks effectively neutralise rules, laws and institutional safeguards, allowing crooks to amass a fortune and to escape the country.