4,000 Chinese arrested for economic crimes

March 13th, 2012 - 11:03 pm ICT by IANS  

Beijing, March 13 (IANS) Around 4,000 people have been arrested in a nationwide crackdown against economic crimes in China, an official said Tuesday.

Liu Jinguo, vice minister for public security, said officials busted 7,000 economic crime cases over a 12-day period, Xinhua reported.

The cases were related to counterfeit invoices, money, credit cards and other products.

Economic crimes including fraud, bribery and embezzlement carry the death penalty in China.

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