Singapore says 52 citizens arrested in China in suspected pyramid scheme probe
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
KUALA LUMPUR, Malaysia (AP) — China has arrested 52 Singapore citizens in the southern region of Guangxi in a law enforcement operation targeting suspected pyramid scheme activities and related offenses, Singapore’s Foreign Ministry said Friday.
Sim Ann, Singapore’s second minister for foreign affairs, said the city-state is in contact with Chinese authorities to obtain more information on the matter. She said staff from the Singapore Embassy in Beijing have visited the 52 detainees and are providing them with consular support.
The ministry said Chinese authorities are continuing their investigations. It didn’t provide details on when the Singaporeans were arrested, their identities or the amount of money involved.
In Beijing, Chinese Foreign Ministry spokesperson Guo Jiakun told reporters Friday that China investigates and handles criminal cases involving foreign citizens in accordance with the law.
Sim said Singapore’s government doesn’t intervene in other countries’ judicial processes and investigations, but that “due process should be accorded to our citizens,” according to a transcript of her remarks on the Foreign Ministry’s website.
Sim urged Singaporeans to exercise caution when considering business or investment schemes, especially those involving the recruitment of new participants, the upfront payment of substantial sums of money or promises of unusually high returns.
Pyramid schemes typically require participants to pay to join and recruit others, with financial returns depending largely on bringing in new participants and their payments.