Macau, Beijing Police Arrest 37 in Crackdown on Illicit Banking

Macau, Beijing Police Arrest 37 in Crackdown on Illicit Banking
Casinos are seen in a general view of Macau, China on Oct. 8, 2015. Bobby Yip/Reuters
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HONG KONG—Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows.

Macau police and state news agency Xinhua reported on Jan. 22 that a criminal gang had illegally brought credit card point-of-sale terminals from the mainland into Macau’s casinos for gamblers to get cash out.