China says recovered 38.7 billion yuan in graft losses

Reuters News
Posted: Jul 29, 2015 4:26 AM

BEIJING (Reuters) - China has recovered 38.7 billion yuan ($6.2 billion) in losses from graft, state media reported, as the leadership pursues a campaign against pervasive corruption.

Corrupt officials had to return ill-gotten land and property to the state, the official People's Daily reported on its website, citing the ruling Communist Party's top anti-graft body.

The body said the funds were recovered between a high-profile meeting of Party leaders in November 2012 and June this year.

Favored people and businesses who were illegally given tax breaks have also had to return the money, it added.

Since assuming power in late 2012, President Xi Jinping, who doubles as party and military chief, has pursued a relentless campaign against pervasive corruption, vowing to go after powerful "tigers" as well as lowly "flies".

The biggest "tiger" snared so far is Zhou Yongkang, 72, who the government said last month had been jailed for life for bribery, leaking state secrets and abusing power following a closed-door trial in May.

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The leadership has targeted a variety of sectors in its anti-graft campaign including state-owned enterprises, the energy sector and the military.

(Reporting By Megha Rajagopalan; Editing by Jeremy Laurence)