China police bust telecom fraud gang
(Xinhua) Updated: 2014-10-05 16:57TAIYUAN -- Fifty-one suspects have been nabbed in a telecom fraud case involving more than 300 victims nationwide, said police in North China's Shanxi province on Sunday.
The gang registered a company in the eastern province of Anhui and tried to trick citizens into investing in a gold business via online platforms or telephone between March and September, said police in Taiyuan, the Shanxi provincial capital.
More than 300 citizens in 18 provinces or cities were cheated out of more than 10 million yuan ($1.6 million) in the case.
One member of the gang, which is led by a suspect surnamed Zhang, is on the run.
Telecom-based fraud, in which suspects cheat people through telecommunication channels, is a growing crime in China. In recent years, Chinese police have busted several large transnational telecom fraud gangs.
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