Share

Fugitive businessman returns to China after 15 years on the run overseas

A former drug company chairman who was on a list of China’s 100 most-wanted fugitives abroad has returned after 15 years on the run in New Zealand and Australia, the government announced on Saturday.

Yan Yongmin surrendered to police and was returned to China in cooperation with New Zealand authorities, the Central Commission for Discipline Inspection said. There was no word on what charges he might face.

Yan, former chairman of Tonghua Golden Horse Pharmaceutical Group in the northeastern city of Tonghua, fled to Australia in 2001 after being accused of fraud and embezzlement, according to earlier news reports. He later became a New Zealand citizen under the name William Yan.

Yan was on a Chinese government list of the top 100 fugitives sought abroad in a marathon dragnet known as Skynet. As of July, 33 people on that list had been returned to China, according to the government newspaper China Daily.

China to keep up overseas graft hunt down to last fugitive – even if ill-gotten gains are gone

China has few extradition treaties with other governments. Beijing is expanding cooperation with foreign law enforcement but that has been hampered in some cases by concern charges might be politically motivated and that China has executed convicts for non-violent offences such as tax evasion.

In Yan’s case, Chinese media said having him returned from New Zealand without his cooperation would have been almost impossible.

Eleven of the suspects on the Skynet list are believed to be living in New Zealand, the No 3 destination for Chinese fugitives after the United States and Canada, according to the business news magazine Caixin.

As Panama Papers scandal deepens, China targets offshore accounts in renewed Skynet crackdown on fugitive corrupt officials

A New Zealand court in August approved the seizure of assets from Yan valued at NZ$43 million (HK$239.5 million), according to Chinese news reports. They said that was the biggest seizure in New Zealand to date of assets related to crimes alleged to have occurred in China.

Earlier, Australian authorities also seized some US$2.8 million from Yan, according to Caixin.