U.S. Sends Ex-Banker Wanted in $485 Million Fraud Case to China - Bloomberg

A former Bank of China Ltd. manager who fled to the U.S. two decades ago where he was convicted in a $485 million fraud case has been returned to China, marking a victory in Xi Jinping’s efforts to have corrupt officials brought to justice back home.

The “forced repatriation” of Xu Guojun “marks significant progress in the handling of the 20-year-old case,” the ruling Communist Party’s Central Commission for Discipline Inspection said in a statement Sunday. It didn’t say whether Xu acted on his own accord.

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