Singapore returns confiscated assets

Singapore judicial authorities confiscated and returned 12 million yuan ($1.73 million) in illicit assets to China involving one of the country's most-wanted economic fugitives, according to the Supreme People's Procuratorate on Friday.

Li Huabo, 54, a former government official in Poyang county, Jiangxi province, returned in May 2015 after spending four years on the run in Singapore. In January, he was sentenced to life in prison by a court in Jiangxi for corruption.

"It's a typical case between China and Singapore to enhance judicial cooperation on information sharing, confiscating and recovering the ill-gotten assets," said a senior official at the SPP's anti-corruption and bribery bureau who declined to reveal his name.