Police in southwest China's Yunnan Province are trying to retrieve jade treasures that hundreds of people lost in a 1 billion yuan (US$160.10 million) scam.

A 33-year-old suspect, Zhong Xiong, was held by police in May and arrested the following month over what is said to be the biggest jade fraud case in China since 1949.

Police say Zhong Xiong presented himself as a rich and powerful man, living an extravagant lifestyle, driving luxury cars, owning a string of restaurants, clubs and pawn shops and cultivating friendships with influential figures.



Go to Forum >>0 Comment(s)