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39-year-old 🇨🇳 Lin Qiang (林强), the fugitive founder / chairman / CEO of Shanghai HHSC Capital Management Co Ltd (和合首创) which collapsed and owed billions of yuan to investors in Oct 2023, was arrested by Indonesian authorities in Bali on Oct 1. Lin has been handed over to… https://t.co/7RCc6RR6xk
Authorities arrest an alleged POGO ‘big boss’ tied to the scam hubs in Bamban, Tarlac and Porac, Pampanga. Lyu Dong was caught Thursday night, October 10, in Biñan, Laguna. Full story: https://t.co/mlEaxTdLWk https://t.co/MzgGVZsBod
The fugitive Chinese businessman behind Shanghai HHSC Capital Management Co. Ltd., an insolvent investment firm that left a $4.15 billion black hole, has been held in Bali and handed over to Interpol https://t.co/TdqWJBs89k
Indonesian authorities have arrested a suspect wanted by China for running a $14 billion investment scam. The suspect, Lyu Dong, a Chinese national, is believed to be one of the key figures behind the scam hubs in Bamban, Tarlac and Porac, Pampanga in Central Luzon. Dong was apprehended in Biñan, Laguna on October 10. Additionally, authorities in Manila have confirmed the arrest of Lin Qiang, the fugitive founder and CEO of Shanghai HHSC Capital Management Co. Ltd., in Bali on October 1. Lin's firm collapsed in October 2023, leaving a $4.15 billion debt. Both suspects have been handed over to Interpol. The scams defrauded tens of thousands of people and were linked to POGOs and scam farms.
