Wanted banker sent back
A CHINESE woman who is a suspect in a major fraud was recently held and repatriated with the help of Thai law enforcement agencies after fleeing the country 14 years ago, the Ministry of Public Security announced yesterday.
According to the ministry, Yu Guorong siphoned money from public deposits and illegally released loans between March 1989 and October 1998 when she was branch head of a bank in Chongqing City.
Yu’s alleged crimes involved 2.8 billion yuan (US$460m) and led to direct economic losses worth 1.13 billion yuan, said the ministry.
The ministry issued a red-notice arrest warrant for Yu via Interpol and twice sent special teams abroad to investigate before finding clues in May suggesting Yu was living in Thailand.
The case is still under investigation, the ministry said.
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