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China sentences 13 to prison over telecom fraud

| Updated: March 03, 2018 14:08:39


Reuters photo used for representational purpose Reuters photo used for representational purpose

A district court in central China has sentenced thirteen people to prison terms over their involvement in a telecom fraud case, said local authorities.

The 13 people will receive prison terms ranging from three to 10.5 years and will be fined between 30,000 to 110,000 yuan (about 4,700 to 17,300 US dollars), said a district court in Sanmenxia in western Henan Province.

More than 160 suspects were involved in the fraud case. The court will deliver verdicts for another 50 defendants soon, reports Xinhua news agency.

The case surfaced after a man surnamed Li reported to police that he was a victim of suspected telecom fraud in March 2017.

An investigation showed the criminals published fake stock information on a commodity trading platform and convinced victims to trade.

The criminals had obtained more than 2 million yuan in illegal gains from December 2016 to March 2017.

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