Indonesia arrests man wanted for alleged $14.1-B China fraud

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Indonesia arrests man wanted for alleged $14.1-B China fraud
ChinaFraud
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JAKARTA, Indonesia - Indonesia n authorities said on Thursday they had detained a man wanted in China over allegations he helped defraud tens of thousands of people out of about $14 billion.The man, who had been wanted by China since 2020, was detained on the resort island of Bali on October 1 before he could board a flight for Singapore, Indonesia n immigration director general Silmy Karim told a news conference.The 39-year-old man was identified as LQ and an alias given as JL.

Silmy said the man was wanted in China over an alleged Ponzi scheme in 2020 that defrauded about 100 billion Chinese yuan from around 50,000 victims.The man was placed in police custody on Thursday Indonesian authorities would contact their Turkish and Chinese counterparts to confirm his identity before deciding whether to extradite him."We must validate his status," said Krishna Murti, the head of the international relations division of the Indonesian police.

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