China detained 75 people for their participation in illegal banking operations

Almaty. October 2. Silkroadnews - Chinese police in September arrested 75 people suspected of carrying out illegal banking operations, reported Xinhua news agency.
"The total amount of funds appearing in the affairs is 240 billion yuan (37.8 billion US dollars)", - reported in the Ministry of Public Security.
Police also dismantled 37 "underground banks" - unauthorized financial institutions typically used for money laundering.
"Underground banks" have become the main channel for the transfer of funds obtained illegally as a result of corruption, gambling on the Internet, telecommunications fraud, drug trafficking and tax evasion", - the ministry noted. The situation is noted as "increasingly serious and complicated".
As recalled, a special campaign to restore order in the Chinese financial and capital market was launched in the end of August.