Police announced on Thursday that they recently smashed a Tainan-based telecommunication fraud ring suspected of targeting people in China and another Taoyuan-based syndicate believed to provide money-laundering services to fraud rings.
According to Tainan police, the fraud ring, led by a 29-year-old man surnamed Kuo, began operating in the southern Taiwan city in mid-September and frequently changed its base of operations to avoid arrest.
Members of the ring posed as customer service agents or police officers to defraud their victims, police said.
Police raided the ring's latest base on Tuesday and arrested six people including Kuo.
Also on Tuesday, six key members of a syndicate that allegedly helps fraudsters launder money using payment platforms in China were arrested in a raid carried out in Taoyuan, northern Taiwan, according to the Criminal Investigation Bureau.
Transactions handled by the syndicate were valued at more than 50 million Chinese yuan (US$7.4 million), the bureau said.
Source: Focus Taiwan News Channel