China arrests 62 suspects abroad, $1.5 billion seized in P2P crackdown


  • World
  • Monday, 18 Feb 2019

(Reuters) - China has arrested 62 suspects abroad and seized 10 billion yuan (1.16 billion pounds) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms since June as part of a crackdown on online finance, the public security ministry said.

The arrest of P2P suspects hiding overseas is a top priority of Operation Fox Hunt, part of President Xi Jinping's war on corruption that includes bringing back government officials and business executives who have fled abroad with assets.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

US and allies aim to help Ukraine bolster defenses after aid gap
2 foreign tourists killed in road accident in Namibia
U.S. dollar ticks down
News Analysis: T�rkiye keeps key policy rate unchanged amid soaring inflation
Germany's Merck invests 300 mln euros in life science facility
5 Tanzanian crew members, Zanzibar registered cargo ship missing in Indian Ocean
Interview: Zimbabwe seeks to harness China's innovation experience for dndustrialization, says minister
DRC reports over 24,000 malaria-related deaths in 2023
Somalia cuts malaria prevalence to 4 pct in 2023, despite new strains: WHO
Roundup: IOM urges action to prevent migrant tragedies in the Red Sea

Others Also Read