{"id":443161,"date":"2011-06-17T15:56:28","date_gmt":"2011-06-17T15:56:28","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/17\/chinese-officials-stole-120bn\/"},"modified":"2011-06-17T15:56:28","modified_gmt":"2011-06-17T15:56:28","slug":"chinese-officials-stole-120bn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/","title":{"rendered":"Chinese officials &#8216;stole $120bn&#8217;"},"content":{"rendered":"<p><div readability=\"48.2590837283\"><span><span>17 June 2011<\/span> <span>Last updated at<\/span> <span>11:56 ET<\/span><\/span><\/p>\n<p>Thousands of corrupt Chinese government officials have stolen more than $120bn (\u00a374bn) and fled overseas, mainly to the US, according to a report released by China&#8217;s central bank.<\/p>\n<p>Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008.<\/p>\n<p>The officials used offshore bank accounts to smuggle the funds, according to the study posted on the People&#8217;s Bank of China website this week but which has since been removed.<\/p>\n<p>It said the officials smuggled about 800 billion yuan into the US, Australia, Canada and Holland through offshore bank accounts or investments, like property or collectables.<\/p>\n<p>The stolen funds were covered up by disguising them as business transactions by establishing private companies to receive the money transfers.<\/p>\n<p>The study said corruption inside China was severe enough to threaten the nation&#8217;s economic and political stability.<\/p>\n<\/div>\n<p>Read the original here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/world-asia-pacific-13813688\" title=\"Chinese officials 'stole $120bn'\" rel=\"noopener noreferrer\">Chinese officials &#8216;stole $120bn&#8217;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 17 June 2011 Last updated at 11:56 ET Thousands of corrupt Chinese government officials have stolen more than $120bn (\u00a374bn) and fled overseas, mainly to the US, according to a report released by China&#8217;s central bank. Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008. The officials used offshore bank accounts to smuggle the funds, according to the study posted on the People&#8217;s Bank of China website this week but which has since been removed<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-443161","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese officials &#039;stole $120bn&#039; - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Chinese officials &#039;stole $120bn&#039; - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"17 June 2011 Last updated at 11:56 ET Thousands of corrupt Chinese government officials have stolen more than $120bn (\u00a374bn) and fled overseas, mainly to the US, according to a report released by China&#039;s central bank. Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008. The officials used offshore bank accounts to smuggle the funds, according to the study posted on the People&#039;s Bank of China website this week but which has since been removed\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Chinese officials &#8216;stole $120bn&#8217;\",\"datePublished\":\"2011-06-17T15:56:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\"},\"wordCount\":160,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\",\"name\":\"Chinese officials 'stole $120bn' - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-06-17T15:56:28+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese officials 'stole $120bn' - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/17\/chinese-officials-stole-120bn\/","twitter_card":"summary_large_image","twitter_title":"Chinese officials 'stole $120bn' - Ghanamma.com","twitter_description":"17 June 2011 Last updated at 11:56 ET Thousands of corrupt Chinese government officials have stolen more than $120bn (\u00a374bn) and fled overseas, mainly to the US, according to a report released by China's central bank. Between 16,000 and 18,000 officials and employees of state-owned companies left China with the funds from the mid-1990s up until 2008. 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