270 Chinese citizens arrested in fraud raid in Philippines

Philippine police on September 13 said they had arrested more than 270 Chinese nationals in a raid against a gang wanted for their role in a vast investment fraud that cost victims in China millions of US dollars.

Friday, September 13, 2019 20:23

270 Chinese citizens arrested in fraud raid in Philippines ảnh 1

Philippine police (Source: EPA/VNA)

Hanoi (VNA) - Philippine police onSeptember 13 said they had arrested more than 270 Chinese nationals in a raid againsta gang wanted for their role in a vast investment fraud that cost victims inChina millions of US dollars.

Agents swooped on an office building in the capital Manila on September 11 totake four suspects into custody in connection with the 100 million CNY (14million USD) scam, but stumbled upon many more.

Further checking revealed those suspects, who did not have proper papers to bein the Philippines, were also wanted by Chinese authorities over a large-scaleinvestment scam.

A total of 277 people were taken into custody in the operation thatPhilippine officials carried out in conjunction with Chinese authorities.

The Philippines has seen a spike in the arrival of Chinese tourists. Theinflux has had a mixed impact in the Philippines, with authorities suspectingmany of the arrivals are working illegally in the online gambling industry./.

VNA

#Philippine police #investment fraud #Manila #Chinese authorities #large-scale investment scam #online gambling industry #Chinese authorities #Vietnam #China #Philippines #VietnamPlus #Viet Nam News

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