Sunday, October 4, 2015   

Chinese man held in Spain over housing scam
(06-12 14:55)

Spanish police have detained a Chinese man wanted for allegedly selling homes in China which were never built to more than 10,000 families in a scam worth over 24.5 million euros (HK$257 million).
Police said they arrested the unidentified man in central Madrid under an international warrant issued by Interpol at the request of Chinese authorities.
"More than 10,000 families invested their savings in the acquisition of homes which were never built," police said.
Most of the victims of the suspected fraud, which was carried out between 2011 and 2013, were from Baotou, an industrial city in northern China.
Police said they have requested that the man's real estate holdings in the town of Otura in southern Spain be placed under embargo.
The operation was carried out in cooperation with authorities in China, Japan and South Korea. --RTHK   
Other China breaking news:
EDF chief tells China to make up its mind on nuke deal (10-02 21:30)
533 tax officials punished for deals with agents (10-02 19:15)
Guangdong and Hainan on alert for typhoon (10-02 16:23)
Xi Jinping book sales reach ‘record’ levels (10-02 13:37)
Infotech industry worth 16 trillion yuan, report says (10-02 13:14)
Extra portable toilets at popular square (10-02 13:10)
Seven killed and dozens injured in 17 explosions at southern China buildings (09-30 21:33)
Apple Music debuts in China – for 10 yuan a month (09-30 21:29)
Vietnam jails ex-foreign ministry official for passing secrets to female Chinese intel agent (09-30 16:36)
3,100 officials punished for high-life (09-30 16:17)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.