Police crack 79 illegal private banks

Guangdong police cracked 83 cases involving transactions through secret private banks between April and December, seven times more than all of 2014.

Police uncovered 79 illegal sites and detained 231 suspects.

"The private banks investigated have become a channel for online gambling, telephone fraud, moving suspected drug traffickers' money in and out of the mainland and domestic corrupt officials sending their bribes abroad," according to Huang Shouying, director of the economic crime investigation bureau under the Guangdong provincial Department of Public Security.