Xinhua report in Global Times Chinese police closed 168,000 cases of financial crime and recovered 35.6 billion yuan (5.2 billion US dollars) last year, the Ministry of Public Security announced on Monday. According to the ministry, the frequency of financial crime is still high in China. Cases of illegal fund-raising, pyramid selling, online peer-to-peer fraud, securities and futures crime, counterfeit money and bank card fraud have infringed on the interests of investors and undermined market…
Posts published in “Day: May 24, 2017”
By Xu Ming in Global Times, May 23, 2017 at 18:13:39 ○ Appeals to patriotism are often used to swindle seniors ○ Many seniors are vulnerable to scams because the swindlers offer them a sense of purpose or emotional satisfaction ○ Helping elderly people avoid scams needs the joint efforts of society and their family members Li made a deal with his dad after learning that the senior citizen had paid to attend a “charity…
By KEITH BRADSHER in The NY Times SHANGHAI — Moody’s Investors Service downgraded its credit rating on China’s sovereign debt by a notch on Wednesday, saying the steady buildup of debt in the Chinese economy would erode the country’s financial strength in the coming years. In a bluntly worded statement, Moody’s said the Chinese government remained committed to achieving high economic growth despite slowing productivity gains and a shrinking population of working-age adults. The only…
Report in South China Morning Post, May 24, 2017 A California woman was arrested on Tuesday on federal charges of conspiring to procure and illegally export sensitive space communications technology to her native China, the US Justice Department said in a statement. Si Chen, also known as Cathy Chen, 32, of Pomona, was expected to be arraigned later on Tuesday in US District Court on charges contained in an indictment returned by a federal grand…
Report in Dhaka Tribune, May 23, 2017 at 09:51 PM Prioritising seven issues, the Election Commission has announced a draft roadmap for the next general election without any mention of electronic voting machine (EVM) or digital voting machine (DVM). Chief Election Commissioner KM Nurul Huda made the announcement at his office in Dhaka on Tuesday, reports Bangla Tribune. The roadmap consists of seven points including constituency boundary re-demarcation, review of the electoral law, update of…
by Md Anwar Hossain Choudhury in Dhaka Tribune,May 24, 2017 Rapid Action Battalion (RAB) has cordoned off three suspected militant hideouts in Chapainawabgaj’s Gomastapur upazila. “We arrested three militants during an anti-militancy raid in Babupara village under the upazila on Tuesday night. Three kilograms gun powder, one pistol and bullets were seized from them,” RAB 5 Company Commander AKM Enamul Karim told the Dhaka Tribune. “Later as per their information, we cordoned off three houses…
Report in the News, May 24, 2017 ISLAMABAD: The Islamabad Police on Tuesday informed the Supreme Court that the federal capital, AJK and Gilgit-Baltistan had become centres of illegal kidney trade, while people in numerous villages of Punjab had just one kidney. The Islamabad Police submitted a 53-page report before the three-member bench headed by Chief Justice Saqib Nisar, hearing the suo moto case over illegal buying, selling and transplantation of kidneys. Buyers and sellers…