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Wenzhou boss arrested for fraud and forgery
By Li Qian |
June 11, 2012, Monday
|
Online Edition
Online Edition
The Zhejiang businessman who lied that he had acquired a time-honored US bank and went missing after he was accused of fraud has been caught by police.
Lin Chunping, 42, owner of five companies in Wenzhou, Zhejiang Province, was accused of swindling hundreds of millions of yuan by selling forged value-added tax invoices to companies all over China, Wenzhou police said today.
Lin and his six partners were captured in Zhuhai, a city in southern Guangdong Province, on June 9, more than two weeks after he disappeared.
Lin made headlines early this year when he claimed he had bought the bankrupt 85-year-old Atlantic Bank in Delaware for US$60 million and took over the bank's operation last November. His claim was later proved a lie and he made a public apology.
Lin Chunping, 42, owner of five companies in Wenzhou, Zhejiang Province, was accused of swindling hundreds of millions of yuan by selling forged value-added tax invoices to companies all over China, Wenzhou police said today.
Lin and his six partners were captured in Zhuhai, a city in southern Guangdong Province, on June 9, more than two weeks after he disappeared.
Lin made headlines early this year when he claimed he had bought the bankrupt 85-year-old Atlantic Bank in Delaware for US$60 million and took over the bank's operation last November. His claim was later proved a lie and he made a public apology.
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