CHINA TOPIX

03/28/2024 01:00:29 pm

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2 Chinese Repatriated from Malaysia and Philippines

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(Photo : Getty Images) A Chinese security guard stands in front of cars at an auction of government vehicles on March 18, 2015 in Beijing, China. The auction was held to sell-off more than 100 high-end vehicles that were in use by public officials. Chinese President Xi Jinping, the leader of China's Communist Party, has made cracking down on corruption and official displays of excess a priority under his leadership.

The Chinese government's hunt for fugitives who fled overseas scored another success as two suspects 
were recently repatriated back to the mainland. 

The Ministry of Public Security announced that a man identified as Miao scammed at least 3,000 
investors by pursuing them to invest in his company in Shanghai, a fake facade to make his scam more 

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believable. He promised them high yields in return. 

Miao illegally gathered almost 5 million yuan from his victims. His 'fundraising activity' was not 
sanctioned by local financial authorities. His operations went on for almost two years from October 
2013 to January 2015. 

He then flew to the Philippines with the money he collected. 

On March 9 this year, Miao was arrested in the Philippines by local authorities. They received a tip from 
the Chinese community on his whereabouts. On March 12, Chinese police escortes him back to the 
mainland where he will be prosecuted. 

Another Chinese national was involved in another illegal fundraising project. Shi told his victims that his 
company, what seems to be a membership-only business, is soon to be listed in the United States. 

Promising high revenues, Shi collected more "VIP membership fees." The members are than asked to 
recruit others, essentially being a pyramid scheme. 

His core group pocketed more than 10 million yuan. 

Shi was arrested in Malaysian and Chinese police in Malaysia on March 15. 

Since Xi Jinping took office in 2013, he has launched a widespread hunt for wanted criminals and 
suspects who went overseas to hide from the law. This is in line with his government reform to wipe out 
corruption from the central government. 

China has since recovered and prosecuted hundreds of fugitives inside and outside the country. 

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