SHENZHEN police solved more than 3,500 economic crime cases and arrested 2,700 suspects in the past year, the city public security bureau said Tuesday.
The economic crime investigation department helped recover losses of 3.75 billion yuan (US$570 million), double the sum recovered in 2009. The clamp-down helped improve the city s economic environment in the finance, taxation, foreign currency and securities sectors.
The department uncovered an export tax rebate scam in June and recovered 50 million yuan. Eight suspects were arrested and 20 accounts involving 300,000 yuan were frozen.
Police also seized 6.3 million yuan in counterfeit bank notes in November and arrested 10 suspects.
In cooperation with the Shenzhen office of State Administration of Taxation, the department broke up five rings involving 1 billion yuan in tax evasion in paper gold transactions. Police arrested 32 suspects and the cases involved 400 companies.
Police closed down 30 companies involved in underground illegal currency transactions totaling 2 billion yuan.
Police also broke up 20 bank card criminal rings involving 1 billion yuan, arresting 339 suspects.
(Han Ximin)
