Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
Police officer arrested over alleged fundraising scam
+ -
16:46, February 11, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 People's Daily: Chinese police go door-to-door to address public concerns
 Luoyang police armed with home-made 9MM revolvers (4)
 Luoyang police armed with home-made 9MM revolvers (3)
 Luoyang police armed with home-made 9MM revolvers (2)
 Luoyang police armed with home-made 9MM revolvers
 Comment  Tell A Friend
 Print Format  Save Article
A police officer has been arrested over an alleged fundraising scam involving more than 15 million yuan (2.2 million U.S. dollars) in east China's Zhejiang Province, the local police bureau said Wednesday.

Tao Xuejun, the former deputy director of the police bureau in the Lishui economic development zone, was arrested on Jan. 13 when he was hiding in a residential building in the southern boomtown of Shenzhen, said the Lishui Municipal Public Security Bureau.

The 40-year-old policeman was found by the municipal bureau last November to have borrowed money from others, in violation of police regulations. He fled Lishui City on Nov. 24 after disciplinary officials from the city bureau talked to him.

He allegedly borrowed more than 15 million yuan between September and November last year, by promising monthly interest rates of 2-8 percent. He deceived a total of 29 lenders that he was investing in mines or needed help to pay off bank loans, said Xu Zhoujian, a police officer in the municipal bureau who is in charge of Tao's case.

However, Tao allegedly used the money to cover stock losses and pay his own debts, according to Xu.

The Lishui municipal police bureau is investigating the scam.

Source: Xinhua

  Your Message:   Most Commented:
2009 Spring Festival
Why does Israel push for truce in Gaza?
U.S. Airways jet's engines lost power simultaneously
"In Utah, I Get Zero Respect!", Interview with Utah Governor Jon M. Huntsman, Jr.
U.S. soldier killed by bomb explosion in Iraq

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved