Amount of Money Smuggled by Officials in China Between 1978-2003

in Business Risk

According to China’s Ministry of Commerce, since the beginning of economic reforms in 1978 through 2003, about 4,000 corrupt officials have smuggled $50 Billion out of the country through various money laundering methods.

(Additional security threats and issues in China.)

Source: Reuters, “China wants more transparency in anti-graft drive,” Washington Post, September 20, 2009.

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