Illegal fundraising fugitives return to Shanghai
A total of 31 illegal fundraising suspects have been caught or have surrendered themselves from overseas so far this year, Shanghai police said on Thursday.
The most recent is a man surnamed Ma, who was extradited to China from Greece on September 5.
Investigation into the case involving Ma started in June 2018 when the fundraising website xilonglai.com was suspected of illegally accepting public investment. Ma, who ran a company called Qiwacai, was allegedly recruiting investors for this website through his own business.
A red notice for Ma's arrest was issued by Interpol in December last year.
In many of these illegal fundraising cases, the suspects fled overseas to avoid law enforcement. This year, suspects were returned from countries including the Philippines, South Korea and Malaysia.
Altogether Shanghai police said they have apprehended over 760 suspects in such cases since the beginning of this year, and the total amount of assets seized is about 7.7 billion (US$1.1 billion) yuan.