China recovering more proceeds of bank crime

Financial crime

China retrieved 1.26 billion yuan of proceeds from financial crime at its banks in the first seven months of 2006, according to new figures released by the national regulator. The money accounted for 40% of the proceeds of all cases of financial irregularities uncovered in the first half of the year, said the China Banking Regulatory Commission (CBRC). This is a significant improvement on the 1.47 billion yuan, or 27.9% of the total, recovered by investigators in 2005.

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