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> They are often required to return these funds to China, potentially under threat of reduced prison sentences. This sounds not right... but yeah... it is China

> They are often required to return these funds to China, potentially under threat of reduced prison sentences. This sounds not right... but yeah... it is China. And China does not have other means to use like US to extradite fugitives or request the money back even it got all the evidence... exit-ban and blackmailing are the only way China can go... How is this different from western governments? Can the state even blackmail a person? Isn't that just called a deal or leniency for cooperation with prosecutors/regulators? And isn't it fairly routine for people charged with fraud and embezzlement to be prevented from leaving the country, particularly if they are had moved assets to foreign countries? I'm no communist party apologist, but using tools like surveillance, deals, and travel bans to recover proceeds of white collar crime doesn't seem so wrong to me.

jacquesm 3y ago
They also: - execute people https://www.bloomberg.com/news/articles/2021-01-29/china-finance-official-executed-in-bribery-case https://www.bloomberg.com/news/articles/2021-01-29/china-fin... - blackmail people by targeting the family members of those that have moved abroad aka collective punishment https://www.economist.com/china/2023/02/14/how-chinas-police-are-ensnaring-thousands-of-suspects-abroad https://www.economist.com/china/2023/02/14/how-chinas-police... - are on the take themselves in a way that makes all of this other stuff look like peanuts I take it that doesn't need a source link. - make people disappear https://www.bbc.com/news/business-64781986 https://www.bbc.com/news/business-64781986 It's not as if we're looking at a democratically run country where there is a failure of a private institution, there is absolutely no way that you can run something at the level of Evergrande without being 100% in bed with the authorities. The hypocrisy is at a level that is hard to imagine, you're essentially looking at two arms of the same thing where the one is labeled 'Evergrande' and the other is labeled 'CCP' and the one arm made the other look bad so there will be reckoning. Looking at this through the lens of a Western democracy in terms of the crimes committed isn't going to help.
- throwawaylinux 3y ago
  > They also: As I said, I'm not a CCP apologist, I know they do bad things and I wasn't trying to say the west is equivalent. I was purely asking about the things listed (plea / cooperation deals and monitoring and travel restrictions) which by themselves don't sound bad.
  - jacquesm 3y ago
    Sure, but all of these other things are definitely on the menu for execs that end up displeasing their overlords.

jacquesm 3y ago

They also: - execute people https://www.bloomberg.com/news/articles/2021-01-29/china-finance-official-executed-in-bribery-case https://www.bloomberg.com/news/articles/2021-01-29/china-fin... - blackmail people by targeting the family members of those that have moved abroad aka collective punishment https://www.economist.com/china/2023/02/14/how-chinas-police-are-ensnaring-thousands-of-suspects-abroad https://www.economist.com/china/2023/02/14/how-chinas-police... - are on the take themselves in a way that makes all of this other stuff look like peanuts I take it that doesn't need a source link. - make people disappear https://www.bbc.com/news/business-64781986 https://www.bbc.com/news/business-64781986 It's not as if we're looking at a democratically run country where there is a failure of a private institution, there is absolutely no way that you can run something at the level of Evergrande without being 100% in bed with the authorities. The hypocrisy is at a level that is hard to imagine, you're essentially looking at two arms of the same thing where the one is labeled 'Evergrande' and the other is labeled 'CCP' and the one arm made the other look bad so there will be reckoning. Looking at this through the lens of a Western democracy in terms of the crimes committed isn't going to help.

throwawaylinux 3y ago
> They also: As I said, I'm not a CCP apologist, I know they do bad things and I wasn't trying to say the west is equivalent. I was purely asking about the things listed (plea / cooperation deals and monitoring and travel restrictions) which by themselves don't sound bad.
- jacquesm 3y ago
  Sure, but all of these other things are definitely on the menu for execs that end up displeasing their overlords.