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March 1, 2013

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Police fight financial crime rise

FINANCIAL crimes have been increasing in Shanghai as the city is developing into a world financial center, drawing the involvement of international crime organizations in some cases, city police said yesterday.

More than 8,000 cases of financial crime were reported by local police in the past three years, and more than 4,000 suspects were taken into custody. Cases included fraud, embezzlement and credit-card crimes.

Law enforcement is fighting back with a task force that is being formed around the city at district and municipal levels, said Dai Xinfu, a deputy chief with Shanghai police's economic crime investigation team.

Also, local police this year will set up an evidence lab specializing in bank and credit-card investigations - the country's first.


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