China arrests bogus 'investigator'

Police say suspect tried to link victims to $1.3 bn fraud scandal.

    Financial crimes are increasing amid China's vibrant economy.

    Investigators chasing the alleged blackmailer say they tracked him down through banking records to ATM machines near his home in the northern province of Hebei.
    Police said they found unsent letters and government directories in the man’s house but were unsure if any of the blackmail victims had paid him any money.
    According to the Yanzhao Metropolis Daily, the man was suspected of blackmailing managers of the country’s top appliance maker Haier Group in 2003.
    Cases of extortion feature regularly in the Chinese media where blackmailers randomly pick officials, create allegations of corruption and demand money in return for their silence.

    SOURCE: Agencies


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