More than 10,000 corrupt Chinese officials collectively took $120 billion out of the country in a 15-year spree of embezzlement, bribes and defections, with some of the money ending up in Australia.
The revelations, laid bare in a report by the People’s Bank of China that was never intended to be released to the public, shine an embarrassing spotlight on Chinese corruption; a problem seen by some as an Achilles’ heel for the world’s second-largest economy.
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