Fraudster returns
Source: Xinhua |
February 19, 2011, Saturday
|
Print Edition
Print Edition
A Chinese man wanted in connection with a major stock fraud case arrived in China on Thursday after being deported from Canada where he had lived for 12 years, China's Ministry of Public Security said in a statement yesterday.
Zeng Hanlin, a businessman from Guangdong Province, is alleged to have been involved in a major contract fraud from October 1997 to August 1998. He fled to Canada later, the statement said.
The ministry gave no further details on Zeng's case, but earlier news reports said Zeng, chairman of Guangdong Flying Dragon Group, which is already bankrupt, had acquired 35 million yuan (US$5.2 million) by using fake bank accounts and other documents to sign a stock transfer agreement with Chengdu Lianyi Industry and Stock Co, based in Sichuan Province.
Zeng Hanlin, a businessman from Guangdong Province, is alleged to have been involved in a major contract fraud from October 1997 to August 1998. He fled to Canada later, the statement said.
The ministry gave no further details on Zeng's case, but earlier news reports said Zeng, chairman of Guangdong Flying Dragon Group, which is already bankrupt, had acquired 35 million yuan (US$5.2 million) by using fake bank accounts and other documents to sign a stock transfer agreement with Chengdu Lianyi Industry and Stock Co, based in Sichuan Province.
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