Photo: From the public WeChat account of China’s Ministry of Public Security

Chinese public security authorities extradited last Friday a suspect involved in illegally absorbing public deposits worth of 300 million yuan ($41.75 million) with assistance from the Chinese Embassy in Thailand and the relevant Thai law enforcement authorities, China’s Ministry of Public Security announced in a statement on Tuesday. 

The suspect, surnamed Li, fabricated false claims such as the company having strong financial resources, sound performance, and plans for a stock market listing, used “business expansion” as a pretext and promised high interest rates as bait, illegally raised more than 300 million yuan from over 800 people. After the case came to light, Li fled abroad. 

After Li fled abroad, the Chinese public security authorities continued efforts to pursue him and recover the stolen funds. In September 2023, the Suiyang People’s Procuratorate in Shangqiu, Central China’s Henan Province approved Li’s arrest on suspicion of illegally absorbing public deposits. In October 2024, Interpol issued a Red Notice against him. In June 2025, the Thai authorities arrested Li and, in accordance with the law, ruled to extradite him to China. 

An official from China’s Ministry of Public Security stated that Li’s extradition is the result of deepening law enforcement and judicial cooperation and growing mutual trust between China and Thailand. 

The case demonstrates China’s determination to safeguard citizens’ property and uphold the rule of law, while serving as a positive example for building and strengthening future law enforcement cooperation between China and other countries. 

Global Times