On October 16, a representative from the Chongqing Economic Crime Investigation Unit shared significant updates regarding the city’s crackdown on economic crimes since the launch of the summer security operation. The police have successfully solved 358 economic crime cases, recovering over 250 million yuan.
As part of their summer initiative, the department prioritized addressing corruption within private enterprises, focusing specifically on crimes such as embezzlement, fund misappropriation, and bribery involving non-state employees. This effort led to 41 confirmed cases and the prosecution of 49 individuals.
Moreover, the Economic Crime Investigation Unit maintained a stringent crackdown on underground money laundering operations. With approval from the Ministry of Public Security’s Economic Crime Bureau, they coordinated a nationwide sweep across 13 provinces and cities, dismantling 13 criminal organizations and arresting 150 suspects involved in illegal operations linked to 480 million yuan.
In addition, the unit advanced the “Fox Hunt 2024” initiative under the guidance of the Ministry of Public Security. They successfully extradited Zhang, a fugitive involved in a case exceeding 100 billion yuan, back to Chongqing from Thailand. This marked the first extradition of an economic crime suspect from Thailand since the implementation of the China-Thailand Extradition Agreement in 1999.
A spokesperson from the Economic Crime Investigation Unit announced that moving forward, they will continue to maintain a high-pressure stance against various economic crimes to ensure the robust development of the economy and society.
