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
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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
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