A suspect involved in a 100 million yuan (US$145 million) fraud case who fled to Laos has been extradited to China, Shanghai police said yesterday.
Together with his accomplices, the suspect, surnamed Wang, allegedly registered shell companies in Qingpu District in Shanghai between January and June 2013 to issue false VAT invoices. Police said the fraud had caused a tax loss of more than 10 million yuan to the government.