BEIJING: Police in Lanzhou, the capital city of Northwest China’s Gansu province, cracked down on a large financial scam group, one of the largest cases in its kind in China.
With 200 million yuan (RM120mil) in seed money, the group issued over 3.27 million illegal loans to about 475,000 people from all over the country, gaining 3.14 billion yuan (RM1.88bil) in illegal profits.
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