SHANGHAI police plan to establish an intercept system with telecommunications authorities to block fraudulent text messages to curb phone fraud cases in the city, the Shanghai Politics and Law Commission said yesterday.
Telecom fraud has been a prominent problem in Shanghai and the country in recent years. Through the first three months of this year, bank employees in Shanghai have persuaded local residents not to transfer 34 million yuan (US$5.6 million) to other accounts. They were later deemed to be fraud cases.
Fraud rings have illegally made 300 million yuan to 400 million yuan annually from the Shanghai market, according to the commission.
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Jasmine Zhao via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/5-g4w85mbgA/
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