270 Chinese citizens arrested in fraud raid in Philippines hinh anh 1Philippine police (Source: EPA/VNA)

Hanoi (VNA) -
Philippine police on September 13 said they had arrested more than 270 Chinese nationals in a raid against a gang wanted for their role in a vast investment fraud that cost victims in China millions of US dollars.

Agents swooped on an office building in the capital Manila on September 11 to take four suspects into custody in connection with the 100 million CNY (14 million USD) scam, but stumbled upon many more.

Further checking revealed those suspects, who did not have proper papers to be in the Philippines, were also wanted by Chinese authorities over a large-scale investment scam.

A total of 277 people were taken into custody in the operation that Philippine officials carried out in conjunction with Chinese authorities.

The Philippines has seen a spike in the arrival of Chinese tourists. The influx has had a mixed impact in the Philippines, with authorities suspecting many of the arrivals are working illegally in the online gambling industry./.