Police are searching for Gu Zhuoheng, who is suspected of involvement in cheating 53.8 million yuan (7.98 million U.S. dollars) from hundreds of investors nationwide in a peer-to-peer (P2P) lending scam, the local public security authority said Thursday.

Prosecutors issued a warrant on May 27, 2015 for the arrest of Gu, who is currently at large, for illegal pooling of public deposits, said the Luohu branch of Shenzhen Municipal Public Security Bureau in a statement.

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