Beijing (TDI): Law enforcement agencies in China and the United States recently joined forces to address a case involving cross-border trafficking of chemicals and illegal foreign exchange settlements, according to China’s Ministry of Public Security.
The investigation, launched based on leads provided by the US, saw Chinese authorities deploying public security officials in Hubei Province to probe a suspect identified as Gao, 38, and others allegedly involved.
The investigation revealed that Gao and associates exploited regulatory gaps in chemical import and export controls between countries to conduct illegal chemical trades and engage in unauthorized foreign exchange settlements, Chinese media reported.
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Authorities report that Gao’s company has been deregistered, with four main suspects now in custody.
The case remains under investigation, with both countries’ law enforcement teams sharing updates and collaborating throughout the probe.
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In related efforts, the ministry disclosed on Thursday that a recent joint operation between the two nations’ law enforcement agencies helped tackle transnational telecommunications fraud, recovering over $1.7 million for a firm in Zhejiang Province and its US partner.
