Chinese ex-official on 'most wanted' list is arrested for embezzlement

Chinese ex-official on 'most wanted' list is arrested for embezzlement
Policemen escorts Li Huabo, the second suspect from China's "100 most wanted economic fugitives" list, after he was repatriated from Singapore on May 9, 2015, as part of operation "Sky Net".

A former government official accused of embezzling nearly 100 million yuan (S$21.4 million) has been sent back to China after Singapore cancelled his permanent residency permit.

Li Huabo, a former financial official in Poyang, Jiangxi province, returned on Saturday and turned himself in to the police after four years on the run.

Li is the latest suspect from the country's list of 100 most wanted economic fugitives to be arrested.

He faces charges of corruption, the People's Procuratorate of Shangrao, Jiangxi province, announced at Beijing International Airport on Saturday.

He is said to be the second most important suspect on the list.

"I was on tenterhooks every day since I fled China on Jan 29, 2011," he said at the airport. "I often had nightmares, including ones where I was caught by the police and put into jail. I am willing to accept any decision made by the Chinese government."

Li is alleged to have misused his powers at Poyang's finance bureau to embezzle the money from the local government's infrastructure fund with former co-workers between 2006 and 2010. Prosecutors in Poyang say 29 million yuan was funneled into banks in Singapore.

The prosecution department filed a case against Li on Feb 13, 2011, and Interpol issued a warrant for his arrest 10 days later.

He was caught by police in Singapore at a casino on March 2, 2011, a month after he escaped from China.

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