Two Chinese fugitives netted overseas
Updated: 2016-03-24 02:53
(Xinhua)
|
|||||||||
BEIJING -- Two suspects wanted for illegal fundraising have been returned from Malaysia and the Philippines, two more examples of success repatriations in China's campaign to hunt fugitives hiding overseas, according to the Ministry of Public Security.
Suspect Miao allegedly collected nearly 500 million yuan ($77 million), without the approval of local financial authorities, from more than 3,000 investors lured by the promise of high returns via a Shanghai-based financial company between October 2013 and January 2015, the ministry said in a statement released late on Wednesday.
Having escaped to the Philippines, Miao was arrested by the Philippine police on March 9, 2016, thanks to a tipoff by the Chinese side and escorted back on March 12 by Chinese police, the statement added.
The other case, which dates back to Feb. 2015, suspect Shi partnered with others to collect "VIP fees" by claiming that his company was going to be listed in the United States and would offer high profits for members. People who had signed up were also ordered to recruit more members in a pyramid scheme.
Shi's group allegedly profited more than 10 million yuan, the statement said, adding that Shi was arrested on March 15, 2016 in Malaysia thanks to cooperation between Chinese and Malaysian police. He was escorted back the following day.
According to the ministry, economic crimes targeting the public, such as illegal fundraising, are a key focus in the hunt for fugitives who are implicated in economic crimes and hiding overseas.
It said that eight fugitives suspected of illegal fundraising and pyramid schemes have been netted since the Overseas Arresting Work Bureau was founded by the ministry in January this year to support the hunt.
Related Stories
Fugitives from the third dimension 2016-03-19 08:55
China hopes for more cooperation with US in chasing fugitives 2016-03-15 22:39
Two Chinese 'Red Notice' corruption fugitives repatriated 2016-02-06 13:32
Campaign sees 857 fugitives returned to China 2016-01-28 14:13
Today's Top News
Uneasy times as Belgium mourns the dead
Belgian bombing suspect still at large: Prosecutor
Belgian media withdraws reports of suspect's arrest
Brussels bombers were brothers El Bakraoui
Chinese citizens in Belgium get help after attack
Europe ramps up security in wake of Brussels attacks
Series of blasts rock airport, metro in Brussels
Scotland to team up with SinoFortone
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
What makes the middle class tick |
One-stop app |
Minister rules out property market collapse |
Man on Mars? Chinese could be the first |
Accidental ballet star on the rise |
Great grains of China |