Skynet launches new fugitive hunt

China has initiated a new round of Skynet operations to track down fugitives suspected of economic crimes and confiscate their ill-gotten assets, according to the National Supervisory Commission.

Chinese anti-corruption authorities will strengthen judicial cooperation with foreign governments, especially Western countries on some major cases, the commission said in a statement on Monday.

It said the Ministry of Public Security will work closely with the People's Bank of China - the country's central bank - to monitor bank accounts of officials deemed suspicious and prevent them using offshore companies and underground banks to transfer funds abroad.