World News | Over 40 Arrested in Money Laundering Case in North-West China
Get latest articles and stories on World at LatestLY. More than 40 people have been arrested as police dismantled a money-laundering ring connected to more than 200 telecom and online fraud cases in China's Ningxia Hui.
Beijing [China], December 7 (ANI): More than 40 people have been arrested as police dismantled a money-laundering ring connected to more than 200 telecom and online fraud cases in China's Ningxia Hui.
The raid was conducted on December 3, Xinhua reported on Tuesday
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In October, local police determined that a suspect surnamed Ma had conducted illicit money transfers for fraud rings.
Following a two-month investigation, police established a task force to crack the money-laundering ring that layered and transferred funds involved in fraudulent activities across the country involving over 20 million yuan (about 3.14 million U.S. dollars).
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Further investigation into the case is underway. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)