Chinese Police Shut Down 7 Underground banks
The Chinese police are busy. The bigger the country, the more people there are, the more wrongdoing that can go on.
Chinese police have shut down 7 underground banks, suspected of laundering 14 billion yuan ($1.75 billion) in funds.
An investigator with the Ministry of Public Security says they have caught 44 bad guys and confiscated 58 million yuan.
The illegal banks were largely located on the coast - Guangdong, Shanghai, Beijing and border regions - Inner Mongolia, Liaoning and Helongjiang.
The Shanghai operation is said to have been operated by a suspect from Singapore who laundered up to 5 billion yuan.
Holy Moly….and they are doing it in Chinese, too. I can't even balance my online checking account in English.
Seriously…for all the evil that is said about China's police and monitoring and keeping track of the good citizens and such, China does appear to have its hands full catching legitimate bad guys, no?
What do you think?
POSTED IN: All about China
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