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China confiscates 20b yuan in graft cases
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China's top anti-graft agency, the Central Commission for Discipline Inspection (CCDI), has confiscated 20.1 billion yuan (about US$3.2 billion) while investigating graft cases.
The money, generally a result of breaking the Communist Party of China (CPC) and government rules, has been turned over to the national treasury.
The money was seized after November 2012, when a key CPC decision was made on fighting graft, according to Han Jinping of the CCDI.
A part from money, the haul includes gifts and property. Economic losses amounting to 38.7 billion yuan were also retrieved. Losses are incurred when state assets are sold at a low price, or enterprises receive undue taxes breaks.
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