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BEIJING, Feb. 26 (Xinhua) -- Chinese police seized more than 800 suspects in 380 major cases worth 900 billion yuan (131 billion U.S. dollars) related to underground banks in 2016, said the Ministry of Public Security (MPS) on Sunday.
A campaign against underground banks to maintain financial order and security, is helping the country's anti-corruption drive recover the assets of fugitive officials, said the ministry.
In 2016, the ministry worked with the central bank and the State Administration of Foreign Exchange to crack down on the transfer of illicit money via offshore companies and underground banks.
Officials with the MPS said that the ministry will continue action against illegal private banks in cooperation with the central bank and the foreign exchanges regulator in 2017.
