Media reported Saturday that China has jailed five people for their role in the management of the illegal transfer of currency, including billions of yuan in the exchanges between Hong Kong and southern China.

The newspaper (China Daily) that the actions taken from the territory of Shenzhen, where it had branches in Hong Kong and the neighboring city of Guangzhou, capital of south China's Guangdong province, including more than 4.3 billion yuan (629.2 million dollars) in cash transfers between 2006 and May of the year Present.

The newspaper said "helped business clients abroad to convert their currencies to dollars to Hong Kong after the transfer to the yuan and sent to China and was sentenced to jail terms of between 16 and 24 months had been issued against the five in addition to the amounts fined between five thousand and 20 thousand yuan for the Guangzhou branch of their administration and transfer more From 2.2 billion yuan illegally.

Is still the mastermind of the operation, one of Guangdong and has lived in Hong Kong pending the trial.

Beijing has vowed to take tougher measures on illegal flows of capital between Hong Kong and southern China, which committed partly because of restrictions imposed by China on currency conversion.

He warned Chinese Premier Wen Jiabao last year that illegal flows of money could harm the financial stability of China

 

Amandamemo