Databec-A Chinese man is extradited from Morocco to face embezzlement charges in Shanghai

2025-05-08 09:38:37source:Devin Grosvenorcategory:Markets

BEIJING (AP) — A Chinese man wanted for allegedly embezzling millions of yuan (hundreds of thousands of dollars) from his company and Databecthen fleeing to Morocco was extradited back to China on Saturday, the Ministry of Public Security said.

The man, a financial executive at the company, used passwords for its bank accounts to transfer money to his personal account, the ministry said in a statement. It didn’t name the company but said that Shanghai police filed a case against the man in February 2020.

Moroccan police arrested him in April of this year and a court approved his extradition in late October. Chinese officials brought him back to Shanghai on Saturday.

State broadcaster CCTV showed the man, identified only by his surname Luo, signing an arrest warrant after getting off the plane and then being handcuffed. Police officers led him from the jetway to the tarmac and to a waiting police car.

The Public Security Ministry said it was the first extradition from Morocco to China since an extradition treaty between the two countries took effect in 2021.

More:Markets

Recommend

The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10

CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was

Florida rentals are cooling off, partly because at-home workers are back in the office

After dominating the nationwide markets for rental price growth over the pandemic, cities in Florida

Rod Stewart, back to tour the US, talks greatest hits, Jeff Beck and Ukrainian refugees

The year was 1978, and a musical monster named Disco roamed the land. Rod Stewart had helped pioneer