Former executive at Bank of China's branch repatriated to China

Xu was suspected for embezzlement with another two former presidents of the Kaiping branch of BOC

  
The Chinese national flag flies at half-mast at the headquarters of the People's Bank of China, the central bank (PBOC), as China holds a national mourning for those who died of the coronavirus disease (COVID-19), on the Qingming tomb-sweeping festival in Beijing, China April 4, 2020.

The Chinese national flag flies at half-mast at the headquarters of the People's Bank of China, the central bank (PBOC), as China holds a national mourning for those who died of the coronavirus disease (COVID-19), on the Qingming tomb-sweeping festival in Beijing, China April 4, 2020.

REUTERS/Carlos Garcia Rawlins

BEIJING- A former president of a domestic branch of Bank of China suspected of embezzlement was repatriated to China after fleeing to the U.S., the country's anti-graft watchdog said on Sunday.

The repatriation of Xu Guojun, former president at BOC's branch in the southern Kaiping city of Guangdong province, was the result of an international cooperation, the Central Commission for Discipline Inspection (CCDI) said in a statement, without specifying from which country Xu was sent directly.

Xu was suspected for embezzlement with another two former presidents of the Kaiping branch of BOC before he fled to the U.S. in 2001.

Authorities and BOC have recovered more than 2 billion yuan ($314 million) of funds from the case involving the three individuals, according to the CCDI statement.

The two other former executives, Yu Zhendong and Xu Chaofan, were repatriated to China in 2004 and 2018 respectively. ($1 = 6.3787 Chinese yuan renminbi)

(Reporting by Roxanne Liu and Ryan Woo;Editing by Elaine Hardcastle) ((hongkong.newsroom@thomsonreuters.com; (8610)6627-1277; Reuters Messaging: roxanne.liu@thomsonreuters.com))


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