Dozens charged over bank fraud racket

Updated 2016-12-27 10:08:15 Shanghai Daily

Thirty-four people involved in a cross-border telephone banking scam in which 130 people were cheated out of 3 million yuan (0,000) have been charged with fraud after being deported from Indonesia, the Pudong New Area People's Procuratorate said yesterday.

The network, led by masterminds from Taiwan but based in Indonesia, was busted on October 20, 2015, leading to the arrest of 26 Taiwan suspects and 47 Chinese mainlanders who were then deported.

They are accused of impersonating bank employees, police and prosecutors, telling the victims their accounts had been used for crimes such as money laundering and warning them to transfer money to a "security account" they offered, pending investigation, prosecutors said.

Between April to October last year, almost 130 people from the Chinese mainland were swindled of more than 3 million yuan.

Prosecutors said the suspects, from provinces including Fujian, Hunan and Guangxi, learnt about the operation from friends or online and traveled to Indonesia on tourist visas.

On arrival, they would be picked up and led to the rental houses where handlers would train them in the scam's methods.

One suspect surnamed Pei said his job was to call 60 people every day. If he cheated 15 of them in one day, he could earned 10,000 yuan, and earn extra commissions based on how much the victims were cheated of, prosecutors said.

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