China has extradited an economic crime suspect from Thailand who is accused of illegally absorbing public deposits involving a sum exceeding 300 million yuan (RMB, the same below; approximately 176 million ringgit).
According to a WeChat post by the Ministry of Public Security on the 19th, with the assistance of the Chinese Embassy in Thailand and relevant Thai law enforcement departments, the police extradited the aforementioned suspect, Li, from Thailand back to China on the 15th.
Over 800 Victims
The Ministry of Public Security of China stated that Li, without the qualifications to accept public deposits, fabricated false information about the company's robust financial strength, sound economic performance, and imminent public listing. On the pretext of expanding business operations and luring with high interest rates, he illegally absorbed over 300 million yuan from more than 800 people. After the case was uncovered, Li fled abroad.
After Li fled, the public security authorities carried out efforts to hunt him down and recover the assets. In September 2023, the People's Procuratorate of Suiyang District, Shangqiu City, Henan Province, approved Li's arrest on charges of illegally absorbing public deposits. In October 2024, Interpol issued a red notice for him. In June 2025, relevant authorities in Thailand arrested Li and, in accordance with the law, ruled to extradite him back to China.