Sinkapore is a money laundering hub

[johnny333]

Request by super power China, we give in and send back their men.
Request by our neighbour, Indonesia, we ignored and pissed them off.:(

Shows that ASEAN is not working.

 

[blissquek]

Request by super power China, we give in and send back their men.
Request by our neighbour, Indonesia, we ignored and pissed them off.:(

In the end, we the ordinary people are made to pay for it..

Indonesia banned export of sands and stones to us.
Indonesia dragged their feet on the yearly Haze problems, continue to smoke us and let us breather foul air.

In the end we pay more for our brick and mortar. Our construction cost is higher than our neighbour.
In the end, more will die from lung infection arising from breathing the foul air...

 

[laksaboy]

Now then you know.

How do you think the PAP govt got so rich? Brilliant investments? Intelligent and honest governance? Blessings from God? :kma:

It's a combination of:

1) Extractive policies ('pay and pay' from the cradle to the grave)
2) Letting others park their dubious money here ('10 more billionaires to set up base here')
3) Ruthless cost-cutting measures (stingy with welfare, outsourcing to the cheapest bidder, selling national assets)

That is the essence, the true nature of PAP rule.

 

[Badstuber]

Money laundering is an important economic activity. It helps cleanse the system.

I second, third, fourth, fifth that.

 

[Sabra]

China catches 150 corruption suspects overseas since start of the year

Eight of the fugitives had been on the run for more than 10 years, according to a public security ministry official

PUBLISHED : Friday, 15 May, 2015, 10:39am
UPDATED : Friday, 15 May, 2015, 4:03pm

Reuters and Keira Lu Huang

Fraud suspect Li Huabo, centre, is led away by police at Beijing airport earlier this month. He was caught in Singapore. Photo: Xinhua

China has repatriated 150 corruption suspects from 32 countries this year as the government’s crackdown on economic crimes intensifies.

Eight of the suspects had been on the run for more than 10 years and 44 were involved in cases relating to tens of millions of yuan, mainland media cited Gao Feng, the political commissar of the Public Security Ministry’s economic crimes bureau, as saying.

Operation Fox Hunt was launched by the government last year to trace suspects who had fled abroad, often taking large sums of money with them.

It forms part of a campaign led by President Xi Jinping to try to stamp out corruption.

However, one of the most notorious suspects, Dai Xuemin, was caught when he tried to sneak back into the country.

Dai, a former chief of securities sales at a state-owned trust company that was closed by the People’s Bank of China in 2002, was the first of the 150 suspects to be caught. He fled overseas in 2001.

He was caught in China on April 25 after police were tipped off that he had returned to country with a foreign passport, Xinhua reported.

State media also reported earlier this month that police had caught the second suspect on their list of their most wanted fugitives.

Li Huabo, a former finance official in eastern Jiangxi province, was caught in Singapore.

He is accused of fraud involving 94 million yuan (HK$119 million).

Gao said a total of 100,000 economic crime cases involving nearly 192 billion yuan had been solved. Most case involved illegal fundraising from the public, credit card fraud and currency counterfeiting.

Following Beijing’s call, provincial police have also geared up to hunt down fugitives overseas. According to Xinhua, Guangdong police seized 25 fugitives overseas while Jiangsu police returned 20 suspects from abroad.

The Ministry of Public Security said in January that it had captured 680 fugitives between July and December last year, a number it described as unprecedented.

Recently, the Supreme People’s Procuratorate, the nation’s top prosecutors, extended the project to seize fugitives and their illicit gains overseas until the end of the year, said Xinhua.

The prosecutors planned to start with the most popular destinations among high-ranking fugitives, according to the directives.

 

[Sabra]

INFOGRAPHIC: China's Wanted 100

Beijing's anti-graft watchdog released on April 22 a detailed list of 100 fugitives it wants to extradite back to China as part of its "Sky Net" anti-graft operation. Here is our back page published on April 25, 2015 in print.

Alberto Lucas Lopez and Joe Lo
PUBLISHED : Monday, 18 May, 2015, 11:59am
UPDATED : Wednesday, 20 May, 2015, 8:42am

 

[Leongsam]

INFOGRAPHIC: China's Wanted 100

Beijing's anti-graft watchdog released on April 22 a detailed list of 100 fugitives it wants to extradite back to China as part of its "Sky Net" anti-graft operation. Here is our back page published on April 25, 2015 in print.

Alberto Lucas Lopez and Joe Lo
PUBLISHED : Monday, 18 May, 2015, 11:59am
UPDATED : Wednesday, 20 May, 2015, 8:42am

What an ugly race.

 

[Sabra]

Top name on China's Sky Net fugitives list is in US custody

Fugitive may be sent back to China due to visa violation but wider extradition treaty is unlikely

PUBLISHED : Saturday, 30 May, 2015, 1:27am
UPDATED : Saturday, 30 May, 2015, 1:27am

Andrea Chen [email protected]

Yang Xiuzhu is being held at the Hudson County Correctional Centre. Photo: Reuters

Beijing has claimed another trophy in its hunt for fugitive officials abroad following the detention of a corruption suspect in the US, but observers say repatriating officials hiding in the US to China remains an uphill task.

The chance for the two countries to start negotiations on extradition treaties, which tops Beijing wish list, is also slim.

Yang Xiuzhu, a senior official accused of embezzling more than 250 million yuan (HK$316 million) when she oversaw construction projects in Zhejiang, was in US custody pending her removal to China, US immigration said on Thursday.

China's top anti-graft agency told China Daily that Yang was detained last year after entering the US from Canada using a fake Dutch passport.

She had violated the terms of the US Visa Waiver Programme that allows some citizens from certain countries to temporarily stay in the United States, and was being held at a detention facility in Hudson County, New Jersey, a US immigration agency spokesman said.

The name of the 68-year-old appears at the top of a list of 100 wanted fugitives released by Interpol's China office in April as a part of Operation Sky Net.

China says 40 suspects on the list are believed to be in the US.

But observers said there was little chance for China and the US to formalise an extradition agreement in the short term.

"It's almost impossible for the two countries to sign an extradition treaty during President Xi Jinping's state visit to the US in September," said Professor Jie Dalei, from Peking University's international relations school. "The gap between the two legal systems is too wide for them to work out a bilateral treaty that meets both standards."

Dr Li Mingjiang from Nanyang Technological University's S. Rajaratnam School of International Studies, said the judicial circle in the US had little trust in the mainland legal system, which is frequently criticised by overseas rights groups.

"Washington would put itself under huge pressure from public opinion if it opened talks with China on an extradition treaty," said the China studies expert.

China could not use mechanisms such as the United Nations Convention against Corruption or international treaties to demand extradition, because the US adopted a "bilateral-treaty-based approach", said Huang Feng, head of the Institute for International Criminal Law at Beijing Normal University.

Without such a treaty, Washington has limited legal means of helping to repatriate fugitives to Beijing, though it can help in cases where there have been visa violations, such as Yang's.

Beijing faces a similar situation in the Netherlands, one of several European countries that does not have an extradition agreement with China.

Yang was detained a decade ago in Amsterdam, but managed to slip away because China was not able to gain custody of her.

The analysts said China and the US would continue to negotiate on a case-by-case basis.

"Beijing is likely to seek Washington's understanding and cooperation on several specific cases," Jie said.

But Shi Yinghong, a US studies expert from Renmin University, warned that such cooperation was unlikely to include the most sensitive cases or Beijing's most wanted fugitives.

"State and military secrets are often involved in those cases, and there is almost zero chance for extradition," Shi said. "That's also why a bilateral treaty that would be applied to all extradition cases could hardly be signed."

Additional reporting by Reuters

 

[Sabra]

Senior woman official wanted on China's Sky Net fugitives list is in US custody

Fugitive may be sent back to China due to visa violation but wider extradition treaty is unlikely

PUBLISHED : Saturday, 30 May, 2015, 1:27am
UPDATED : Saturday, 30 May, 2015, 11:10am

Andrea Chen [email protected]

This undated file photo shows Yang Xiuzhu, then the vice-mayor of Wenzhou, speaking during a campaign in Zhejiang province. Photo: SCMP Pictures

Beijing has claimed another trophy in its hunt for fugitive officials abroad following the detention of a corruption suspect in the US, but observers say repatriating officials hiding in the US to China remains an uphill task.

The chance for the two countries to start negotiations on extradition treaties, which tops Beijing wish list, is also slim.

Yang Xiuzhu, a senior official accused of embezzling more than 250 million yuan (HK$316 million) when she oversaw construction projects in Zhejiang, was in US custody pending her removal to China, US immigration said on Thursday.

China's top anti-graft agency told China Daily that Yang was detained last year after entering the US from Canada using a fake Dutch passport.

She had violated the terms of the US Visa Waiver Programme that allows some citizens from certain countries to temporarily stay in the United States, and was being held at a detention facility in Hudson County, New Jersey, a US immigration agency spokesman said.

The name of the 68-year-old appears at the top of a list of 100 wanted fugitives released by Interpol's China office in April as a part of Operation Sky Net.

China says 40 suspects on the list are believed to be in the US.

But observers said there was little chance for China and the US to formalise an extradition agreement in the short term.

"It's almost impossible for the two countries to sign an extradition treaty during President Xi Jinping's state visit to the US in September," said Professor Jie Dalei, from Peking University's international relations school. "The gap between the two legal systems is too wide for them to work out a bilateral treaty that meets both standards."

Dr Li Mingjiang from Nanyang Technological University's S. Rajaratnam School of International Studies, said the judicial circle in the US had little trust in the mainland legal system, which is frequently criticised by overseas rights groups.

Yang Xiuzhu is being held at the Hudson County Correctional Centre. Photo: Reuters

"Washington would put itself under huge pressure from public opinion if it opened talks with China on an extradition treaty," said the China studies expert.

China could not use mechanisms such as the United Nations Convention against Corruption or international treaties to demand extradition, because the US adopted a "bilateral-treaty-based approach", said Huang Feng, head of the Institute for International Criminal Law at Beijing Normal University.

Without such a treaty, Washington has limited legal means of helping to repatriate fugitives to Beijing, though it can help in cases where there have been visa violations, such as Yang's.

Beijing faces a similar situation in the Netherlands, one of several European countries that does not have an extradition agreement with China.

Yang was detained a decade ago in Amsterdam, but managed to slip away because China was not able to gain custody of her.

The analysts said China and the US would continue to negotiate on a case-by-case basis.

"Beijing is likely to seek Washington's understanding and cooperation on several specific cases," Jie said.

But Shi Yinghong, a US studies expert from Renmin University, warned that such cooperation was unlikely to include the most sensitive cases or Beijing's most wanted fugitives.

"State and military secrets are often involved in those cases, and there is almost zero chance for extradition," Shi said. "That's also why a bilateral treaty that would be applied to all extradition cases could hardly be signed."

Additional reporting by Reuters

 

[Domino]

Shows that ASEAN is not working.

Corrupted as well.

 

[frenchbriefs]

Now then you know.

How do you think the PAP govt got so rich? Brilliant investments? Intelligent and honest governance? Blessings from God? :kma:

It's a combination of:

1) Extractive policies ('pay and pay' from the cradle to the grave)
2) Letting others park their dubious money here ('10 more billionaires to set up base here')
3) Ruthless cost-cutting measures (stingy with welfare, outsourcing to the cheapest bidder, selling national assets)

That is the essence, the true nature of PAP rule.

U forgot the importation of garbage.

 

[laksaboy]

U forgot the importation of garbage.

"Cost-cutting measures."

 

[Sabra]

PUBLISHED : Thursday, 04 June, 2015, 10:49am
UPDATED : Thursday, 04 June, 2015, 11:00am

June 4: Three graft fugitives said to be hiding in Vancouver; robot gives university lecture

SCMP online

Headshots and background information on 100 wanted fugitives in Operation Sky Net. Photo: SCMP Pictures

Aside from graft fugitive Cheng Muyang, three more suspects on China's 100 most wanted list of corrupt officials are also hiding inVancouver, China's consul general in the city said. (Xinhua)

 

[frenchbriefs]

Now then you know.

How do you think the PAP govt got so rich? Brilliant investments? Intelligent and honest governance? Blessings from God? :kma:

It's a combination of:

1) Extractive policies ('pay and pay' from the cradle to the grave)
2) Letting others park their dubious money here ('10 more billionaires to set up base here')
3) Ruthless cost-cutting measures (stingy with welfare, outsourcing to the cheapest bidder, selling national assets)

That is the essence, the true nature of PAP rule.

no wonders PAP need to import 2 million more humans,to make them pay and pay and suck them till we hit the grave....now i truly understand PAPPEE policy!!!
PAPPEE is the vampires of the underworld and we are their human blood bank!!!

 

[Sabra]

Billions in illegal proceeds smuggled out of Italy to China, police investigation finds

PUBLISHED : Saturday, 06 June, 2015, 5:12am
UPDATED : Saturday, 06 June, 2015, 5:12am

Associated Press in Florence

Chinese labourers questioned at a factory in Prato, Italy. Photo: AP

As Italy's economy was heading off a cliff, police couldn't help but notice that the country's Chinese communities were booming. Luxury cars rolled past Chinese betting parlours and garment factories. Chinese immigrants were buying up Italian coffee bars and real estate. Their prosperity, however, was not reflected in local tax records.

"What do they do with the money?" asked Pietro Suchan, then deputy public prosecutor in Florence. "Do they eat it?"

The answer, after a four-year investigation by Italy's financial police, was no. They discovered that more than €4.5 billion (HK$38.74 billion) - the proceeds of counterfeiting, prostitution, labour exploitation and tax evasion - had been smuggled out of Italy to China in less than four years using a money-transfer service.

Nearly half that money was funnelled through the Bank of China, which earned more than €758,000 in commissions on the transfers, according to Italian investigative documents obtained by the Associated Press.

Beijing, which is seeking Western help in hunting its own economic fugitives, did not cooperate with the investigation, Italian officials said.

Once the money left Italy, it vanished behind China's great legal firewall.

Despite the economic ties between China and the West, inconsistent cooperation, incompatible legal systems and China's secrecy laws have allowed criminals to globalise more effectively than law enforcement - and made it harder for Western companies and courts to put them out of business.

"We did not have the possibility, despite many attempts made, to have an official contact with the judicial authorities and police of China," said Suchan, who oversaw the investigation. "We have discovered 50 per cent of the truth."

China's foreign ministry said in a faxed statement that Chinese authorities knew nothing of the Italian case. "China is always committed to deepening law enforcement cooperation with other countries, jointly cracking down on transnational crimes and punishing criminals," the ministry wrote.

Some of Italy's missing money has been traced to an import-export company owned by the Chinese government. The company, Wenzhou Cereals Oils and Foodstuffs Foreign Trade Corporation, has been accused of repeatedly shipping counterfeit goods. But it has also taken shelter behind China's legal firewall, refusing to respond to a US lawsuit brought by Converse, which says the Wenzhou company sent tens of thousands of fake sneakers to the US and Croatia.

That firewall has also helped counterfeiters use major, state-run Chinese banks as financial shelters on a significant scale. The banks, including the Bank of China, have processed credit card payments for online sales of fake goods and held accounts for counterfeiters.

The Italian case remains stalled as prosecutors try to locate 300 defendants, most of them Chinese. The Bank of China said it had "no clues of the alleged criminal activities underlying the transfers of money".

Lawyers for Money2Money, the financial transfer service, said their clients were not guilty. Prosecutors say they have identified Chinese individuals and companies that received the illicit funds.

 

[Cylon]

What an ugly race.

That's a racist post!

 

[NoLimit]

Six Chinese fugitives snared in Indonesia in Fox Hunt operation

Half a dozen Chinese suspected of economic crimes extradited in operation with police in Southeast Asian country, state media say

PUBLISHED : Sunday, 21 June, 2015, 11:31pm
UPDATED : Sunday, 21 June, 2015, 11:31pm

Andrea Chen [email protected]

Six Chinese fugitives wanted for alleged economic crimes arrive under escort at Beijing Capital International Airport from Indonesia on Sunday. Photo: Xinhua

Six Chinese economic fugitives were extradited from Indonesia to China on Sunday morning in the first operation of its kind this year with Indonesian police, state television reported.

Chinese police also seized about 30 million yuan (HK$38 million) in cash and property, according to a China Central Television report.

Three of the fugitives were subject to Interpol "red notices" and one, identified only by the surname Chen, was wanted for alleged contract fraud involving around 10 million yuan, Xinhua reported.

Red notices are international requests issued by member countries through the organisation for the location and arrest of wanted persons "with a view to extradition".

State media revealed no further details on the fugitives.

The repatriation is the first this year with Indonesian authorities as part of "Fox Hunt", a campaign launched in July 2014 by Chinese authorities to pursue corrupt officials and economic criminals overseas. China also launched a multi-agency operation dubbed "Sky Net" in April to hunt down alleged economic fugitives overseas. The operations had netted around 1,000 suspects wanted for economic crimes, People's Daily, the Communist Party's flagship newspaper, said on Saturday.

But the Chinese authorities face hurdles hauling back the suspects, especially in countries where government troops are fighting rebels.

Liu Dong, deputy director of the Ministry of Public Security's economic crimes division, told People's Daily that in one unspecified country a captured fugitive warned Chinese police that their car could not leave a rebel-controlled region because of his tight links with local officials.

Liu, who heads the Sky Net operation, said rebels chased the police vehicle on the way back to government-held territory.

"I hate to imagine what could have happened to us if we had been held up [in a rebel-controlled area]," he was quoted as saying.

Chinese authorities are also struggling to grapple with a lack of repatriation treaties with some of the popular destinations for mainland fugitives, such as the United States and Canada.

China has bilateral extradition treaties with 41 countries, including Indonesia. Most of those treaties are with countries in Asia.

In April, the Central Commission for Discipline Inspection, the party's corruption watchdog, published a list of 100 wanted fugitives.

All of the suspects were subject to red notices and 40 were at large in the US, Beijing said.

Yang Xiuzhu, one of the 100 accused of embezzling more than 250 million yuan when she oversaw construction projects in Zhejiang , has been in police custody in the US since she entered the country using a fake passport last year.

Observers said that without formal extradition ties between China and the US, there were limited legal means of sending Yang back to Beijing.

 

[Sabra]

Italian prosecutors seek to indict Bank of China, 297 people

PUBLISHED : Sunday, 21 June, 2015, 9:31am
UPDATED : Sunday, 21 June, 2015, 11:22am

Associated Press in Rome

Italian prosecutors say more than 4.5 billion euros were smuggled to China in less than four years – nearly half of it with the help of the state-run Bank of China. Photo: AP

Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation.

The ANSA news agency reported Saturday that the suspects include four senior managers of the Chinese state bank’s branch in Milan.

The Associated Press reported earlier this month that police in Florence discovered that more than 4.5 billion euros (US$5 billion) in proceeds from counterfeiting, prostitution, labour exploitation and tax evasion had been sent to China in less than four years using a money-transfer service.

Nearly half that money was funneled through the Bank of China, which in turn earned a commission, according to Italian investigative documents.

Investigators said they got nowhere when they tried to appeal to Chinese authorities for help. Once the money left Italy, it vanished behind China’s great legal firewall.

Under Italy’s justice system, a judge will consider the prosecutor’s request and either order a trial or throw out the case. The judge’s evaluation could take months before a decision is made.

In Italy, institutions as well as individuals can be ordered to stand trial.

ANSA said prosecutors alleged that the Bank of China didn’t signal to authorities suspicious banking transactions.

The case involves operations carried out during the period from 2007-2010.

Prosecutors’ offices were closed over the weekend.

According to prosecutors, at least some of the suspects used Mafia-like techniques, including intimidation, ANSA reported.

 

[Sabra]

Businessman sought in China graft probe seeks Canada refugee status

PUBLISHED : Wednesday, 24 June, 2015, 5:46pm
UPDATED : Wednesday, 24 June, 2015, 5:47pm

Reuters in Winnipeg

Vancouver property developer Michael Ching Mo Yeung, who has been identified as Chinese fugitive Cheng Muyang, is seeking refugee status in Canada. Photo: SCMP Pictures

Michael Ching Mo Yeung, the Vancouver property developer who is on China’s most-wanted list of people accused of corruption, has appeared in a Canadian court to claim that he deserves refugee protection.

Ching – who the South China Morning Post revealed in April to be corruption suspect Cheng Muyang - on Tuesday asked a judge to review a November ruling by the Canadian refugee board that denied him protection.

In April, China’s Interpol office released the names of 100 people wanted in its "Sky Net" anti-graft campaign.

The list included Ching, son of a once high-ranking Chinese official removed from office for graft in 2003.

Ching’s lawyer, David Matas, contested the board’s position that there was reason to consider that he committed a crime.

Matas said the allegations centred on a 10 million yuan (US$1.6 million) sale of a Beijing property to the province of Hebei, where Ching’s father was a top official.

Matas said there was no evidence other than testimony obtained by torture, and that China’s Communist party was trying to get to Ching’s father.

"There is no crime. It’s just a property matter," Matas said.

Chinese Foreign Ministry spokesman Lu Kang said he was not aware of reports mentioning torture.

"The Chinese government’s determination to bring to justice people suspected of corruption who have fled abroad has not changed," Lu said at a regular news briefing.

Nalini Reddy, a lawyer representing the Canadian government, said the refugee board only needed to find that there were "serious reasons for considering" charges against Ching for it to deny him protection.

Part of the evidence Chinese courts heard earlier was of a 2.8 million yuan payment to Ching from the property sale’s broker. The refugee board did not see the evidence, and relied on a description from the Chinese court.

Ching told the board last year that the payment related to other transactions.

The refugee board’s immigration division found in 2009 that torture was involved in testimony of some witnesses who implicated Ching in China, although Ottawa is appealing that finding. The refugee board was not required to find whether or not there was torture involved, Reddy said.

Justice Yvan Roy said he would issue his judgment later.

Matas, who represents three Chinese expatriates facing corruption charges and possible deportation, has said Canada is naive in its response to Beijing.

"The way the party gets at people is to get at their surroundings. You kill the fish by draining the pool," Matas told the court on Tuesday.

 

[blackmondy]

In Cantonese, his name literally sounds like 真没用.