Chinese Police Arrest 52 Singaporeans Over Cross-Border Pyramid Scheme
Authorities in China’s Guangxi province have detained 52 Singaporean nationals as part of a crackdown on an illegal cross-border investment pyramid scheme.
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China arrests 52 Singaporeans in Guangxi pyramid scheme crackdown
Fifty-two Singaporeans have been arrested and detained in China’s Guangxi Zhuang autonomous region following a law enforcement operation targeting suspected pyramid scheme activities and related offences, according to Singaporean authorities. Singapore’s Ministry of Foreign Affairs and the Singapore Police Force revealed the arrests in a joint statement on Friday, noting that Chinese authorities were still investigating the cases. Sim Ann, Singapore’s second minister for foreign affairs, said...
By Cao Jiaxuan
Read full article →CNA Explains: What are pyramid schemes and are they legal in Singapore?
After 52 Singaporeans were arrested in China over pyramid scheme suspicions, CNA spoke to lawyers to find out more about such schemes.
Read full article →China arrests 52 Singaporeans for alleged pyramid scheme activities, Singapore minister says
Chinese authorities haves arrested 52 Singaporeans in Guangxi, China, after a law enforcement operation against pyramid scheme activities and related offences, Singapore's second minister for foreign affairs said on Friday.
By Reuters
Read full article →Coverage Timeline
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