Shanghai police reveal 44 cases of financial fraud

In most of the cases, police started their investigations after receiving reports from victims of the frauds.

Shanghai police on Thursday revealed 44 recent cases of financial fraud targeting the public, and called for those who have lost money to contact them with any evidence they may have.

In 43 of the cases, the suspects allegedly illegally absorbed deposits from the public. The other case allegedly involved illegal fundraising.

Investigation on the 44 cases started in June and July this year, according to police.

In most of the cases, police started their investigations after receiving reports from victims of the frauds, and in others, the suspects turned themselves in to police.

Police are calling for victims of the frauds to contact them with copies of investment contracts as well as related banking and investment records.

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