USEUROPEAFRICAASIA 中文双语Français
Home / China

5 jailed for running underground bank

By Liang Qiwen | China Daily | Updated: 2008-10-18 08:34

GUANGZHOU: Five people who operated an illegal bank that handled billions of yuan in money transfers have been sentenced to jail, a local district court said on Friday.

The Shenzhen bank was allegedly run by To Ling, a Hong Kong woman, originally from Qingyuan city, Guangdong.

The bank had branches in Hong Kong and Guangzhou, and handled more than 4.3 billion yuan ($632 million) in money transfers between 2006 and May of last year.

5 jailed for running underground bank

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US