In­ter­net fi­nance crime tar­geted

The Star Early Edition - - INTERNATIONAL -

CHI­NESE courts have turned their at­ten­tion to­wards In­ter­net fi­nance crime to safe­guard the healthy de­vel­op­ment of the sec­tor. Pres­sure must be placed on fight­ing il­le­gal fund-rais­ing cases, which are key to con­trol­ling fi­nan­cial risks, ac­cord­ing to a guide­line is­sued by the Supreme Peo­ple’s Court yes­ter­day. In han­dling such cases, courts should co-or­di­nate with lo­cal au­thor­i­ties to pro­tect the in­ter­ests of victims. It high­lighted cases in­volv­ing the il­le­gal tak­ing of de­posits from the pub­lic or fraud­u­lently rais­ing funds un­der the guise of fi­nan­cial in­no­va­tion. More than 16 400 peo­ple were pros­e­cuted for var­i­ous fi­nan­cial crimes in 2016. – Xinhua

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