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Beijing

Police crack major tax invoice scam

Police cracked a tax scam involving nearly 100 billion yuan ($14.6 billion) and 25 criminal gangs, the Ministry of Public Security said on Wednesday. Officers in five provincial-level regions, including Shanghai and Guangdong, detained 304 suspects and broke up 53 operations that had forged a large number of value-added tax invoices. Two gangs, headed by two principal suspects, surnamed Yang and Chen, had purchased and sold more than 2,600 zombie companies since February to aid in the scam, police said.