If I'm surprised at all by this, it's only because the figure is so SMALL.
June 17, 2011, 1:17 a.m. EDT
China central bank finds officials stole billions
By Chris Oliver, MarketWatch
HONG KONG (MarketWatch) — Corrupt Chinese officials and employees of state-owned companies have absconded with about 800 billion yuan ($123.7 billion) of public money over 15 years through 2008, much of it making its way to the U.S., Canada, Australia and the Netherlands, according to Chinese news reports citing a central bank study.
The 67-page report, completed in 2008, was posted on the People’s Bank of China’s website this week, purportedly by mistake, and has since been taken down, although PDFs of the document are circulating in cyberspace.
In the report, which appears never to have been intended for public release, the PBOC estimated about 16,000 to 18,000 individuals have fled the country with ill-gotten funds over a 15-year period leading up to the report’s release, according to news-media accounts.
Full story: http://www.marketwatch.com/story/china-central-bank-finds-officials-stole-billions-2011-06-17
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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