Authorities strengthen efforts to recover stolen assets overseas

The nation's top anti-graft bodies are working to retrieve more than $1 billion sent to foreign bank accounts by corrupt officials. Zhang Yan reports.

The government is stepping up efforts to recover billions of yuan in assets illegally transferred overseas by corrupt officials via money laundering platforms and underground banks.

Statistics provided by the Central Commission for Discipline Inspection, the nation's top anti-graft watchdog, show that from 2014 to July, the police confiscated illicit assets sent overseas worth 7.62 billion yuan ($1.14 billion).