6 financial fraud suspects returned to China from overseas
Three suspects involved in a case of illegal absorption of public funds were brought back to Shanghai from a foreign country in the early hours of Wednesday, police said.
Three other suspects in the case were brought back on August 27.
Police in the Pudong New Area started their investigation in mid-July after receiving complaints from the public about the financial fraud.
The suspects allegedly registered two companies in Shanghai to run so-called investment platforms called “Yonglibao” and “Huolicai,” and advertised themselves as being able to offer high returns on money invested.
The six major suspects in the case all fled China when the investigation began, police said.
Since then, police said they have frozen about 90 million yuan (US$13 million) worth of assets related to the case.
The six are now under detention.
Shanghai police said that, through international cooperation, they have apprehended 15 suspects outside of China in financial cases which caused detriment to the public so far this year.