Chinese province of Guangdong suppressed illegal banks activities

Date: 14:28, 24-11-2017.

Almaty. November 24. Silkroadnews - Illegal banks activities have been suppressed in the Chinese province of Guangdong, China Daily reported.
“Seven people have been detained in an operation to break up two underground banks worth more than 20 billion yuan ($3.08 billion) in Guangdong province,” the report said.
Shaoguan city police said more than 10,000 people are suspected of having committed illegal transactions to transfer money to and from the country and illegal exchange of currencies. According to the police, a part of the money was sent to Macao to finance gambling.
“The banks’ operators are also believed to have earned large profits from illegal foreign currency settlements using 48 bank accounts opened using fake documents in more than 20 provincial regions,” report said.  

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