Case value exceeding 100 million yuan, Shanghai police: 5 people including He from a certain entry-exit service company involved in illegal buying and selling of foreign exchange are under investigation. Country | Foreign Exchange | He
Recently, the Economic Investigation Team of Shanghai Public Security Bureau cracked a case of illegal foreign exchange trading, and arrested 5 suspect including He, with the amount involved exceeding 100 million yuan.
After investigation, since 2016, the person in charge of an entry-exit service company, He, and employee Sun, in the process of providing intermediary services, have illegally provided foreign exchange trading for others by collecting RMB domestically and providing foreign currency overseas in order to seek illegal benefits. Furthermore, it was found that employees Wan, Gao, and Jiang of the company engaged in criminal activities of providing illegal foreign exchange to others through the introduction of underground banks.
At present, suspect He and Sun are under criminal detention in accordance with the law due to the suspected crime of illegal business operation, and suspect Wan, Gao and Jiang are legally guaranteed pending trial.
The police remind that buying and selling foreign exchange should be conducted at the trading venues designated by the state. Illegal buying and selling of foreign exchange seriously disrupts the order of the national financial market, and those suspected of committing crimes will be severely punished by the police in accordance with the law.