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Fraud ring with 8 Taiwanese members busted in China: report

2018/01/13 21:05:45

Image taken from Pixabay

Taipei, Jan. 13 (CNA) Chinese authorities recently smashed a telecommunication fraud ring led by Taiwanese, which is believed to have defrauded 28.33 million yuan (US$4.38 million) from victims, according to a Chinese news report on Saturday.

A total of 14 people, including eight from Taiwan, were arrested by police across China between July and October last year, a China Central Television (CCTV) report said.

They also froze 33 million yuan in 320 bank accounts allegedly set up by the ring to launder the proceeds of its criminal activities in China and Taiwan.

About 4.72 million yuan of the stolen money has so far been traced to specific victims.

The investigation began in May last year when a Chinese company reported that it had been swindled out of 13.50 million yuan through Internet banking by a fraudster who posed as a Taiyuan City official.

According to the report, the police later focused on one fraud ring identified as using similar methods to cheat people in China and Taiwan.

On July 9, three Taiwanese suspects connected to the fraud and based in China were apprehended by local police in Haikou City, Hainan Province.

A few weeks later on July 19, another three people from Taiwan, including one woman, were arrested in Haikou and Hunan Province.

Four more people were subsequently arrested from August 5 to October 25, including two Taiwanese and one from Hong Kong, in Xiamen, Haikou, Shenzhen and Beijing, the report said.

However, the report did not mention the nationalities of the four remaining suspects.

(By Shine Chen and Ko Lin)