Po­lice crack ma­jor tax in­voice scam

China Daily European Weekly - - NEWS DIGEST -

Po­lice cracked a tax scam in­volv­ing nearly 100 bil­lion yuan ($14.6 bil­lion; 12.6 bil­lion eu­ros; £11.2 bil­lion) and 25 crim­i­nal gangs, the Min­istry of Pub­lic Se­cu­rity said on Sept 12. Of­fi­cers in five pro­vin­cial-level re­gions, in­clud­ing Shang­hai and Guang­dong, de­tained 304 sus­pects and broke up 53 oper­a­tions that had forged a large num­ber of value-added tax in­voices. Two gangs, headed by two prin­ci­pal sus­pects, sur­named Yang and Chen, had pur­chased and sold more than 2,600 zom­bie com­pa­nies since Fe­bru­ary to aid in the scam, po­lice said.

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