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POLITICS & LAW

U.S. Repatriates China’s Long-Sought Fugitive Bank Boss

Xu Chaofan (center) was repatriated to China on July 11. Photo: CCDI/Xu Menglong
Xu Chaofan (center) was repatriated to China on July 11. Photo: CCDI/Xu Menglong

A former state bank boss who allegedly embezzled $485 million in one of China’s largest bank corruption cases was repatriated, 17 years after he fled to the U.S.

Xu Chaofan, former head of the Kaiping sub-branch of the Bank of China (BOC) in Guangdong province, was returned China from the U.S. on Wednesday under a cooperation arrangement between the two countries for law enforcement against corruption, said the Central Commission for Discipline Inspection, China’s top graft-buster.

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