Police in Chongqing's Liangjiang New Area returned 120 million yuan ($18.27 million) in cash to victims of foreign exchange fraud at a shopping mall in Chongqing on Nov 19, 2020. [Photo provided to chinadaily.com.cn] |
Police in Chongqing's Liangjiang New Area returned 120 million yuan ($18.27 million) in cash to foreign exchange fraud victims on Thursday at a shopping mall while launching a campaign against scams.
The police recently cracked a huge foreign exchange fraud scam and arrested 66 suspects in cases totaling 340 million yuan. More than 1,000 people had suffered losses.
Cash and property valued at about 120 million yuan has been recovered, and 38 people have been sentenced in court, the police said.
John Edwards, the UK trade commissioner for China, praised Chongqing over its rise as a burgeoning center in intelligent manufacturing.