Illegally absorbing and storing more than 6 billion yuan, the principal of a fund-raising fraud in Anhui was extradited to China.

　　Xinhua News Agency, Hefei, November 21st (Reporter Chen Nuo) released wealth management products with false creditor’s rights as the target on the online lending platform, promised high interest to lure public investment, and illegally absorbed and stored more than 6 billion yuan. The reporter recently learned from the Anhui Provincial Public Security Department that Xiong, a major suspect in this fund-raising fraud case, was extradited to China.

　　On July 31, 2018, Baohe Branch of Hefei Public Security Bureau filed a case against Anhui Changtian Asset Management Co., Ltd. on suspicion of illegally absorbing public deposits. According to the police investigation, from January 2014 to July 2018, without the permission of the financial supervision department and the qualification to absorb public deposits, the criminal suspect Xiong used many companies controlled by him, such as Anhui Changtian Asset Management Co., Ltd. and 0551 Real Estate Company, to join hands with others to release wealth management products with false claims through two P2P online lending platforms: "Good Car Loan" and "Express Fortune" for the purpose of illegal possession.

　　After investigation, the above-mentioned absorbed funds were used by Xiong for lending, stock trading and personal profligacy, which caused huge losses to investors. After the incident, Xiong fled overseas. On November 13, 2018, Interpol China National Central Bureau asked Interpol to issue a red notice to Xiong. On January 9 this year, the French police arrested Xiong and immediately informed us through Interpol channels. I quickly submitted an extradition request to the French side. On November 7, the French side notified the approval of extradition and transfer. On November 19, the police escorted Xiong to China.