Top suspect willing to return and face the music

One of China's most-wanted fugitives will return from New Zealand to stand trial, according to the authorities.

Yan Yongming, former chairman of Tonghua Jinma Pharmaceutical Industry Group in Jilin province, is accused of fraud and embezzlement valued at $250 million. Last month, the 47-year-old turned himself in to Chinese judicial authorities and said he will return voluntarily to face trial.

"He has reached an agreement with police in both New Zealand and China, and will return to face the courts. He is willing to return the money he received illegally," said a senior official from the Ministry of Public Security, who declined to be identified.