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China arrests one of its most wanted telecoms fraud suspects

has arrested one of its most wanted fraud suspectsin a telecoms scam, Reuters reported May 3.

WenLongjian is accused of conspiracy to swindle 35 million Chinese yuan byimpersonating the head of a company on an instant messaging app in December2015. In an earlier police operation, the police froze bank accountscontaining over 28 million Chinese yuan and detained 39 suspects, but Longjian evaded arrest.

On May 2, police caught Longjian in China's southwestern province of Guangxi.

As of May 3, US$1 wasequivalent to 6.49 Chinese yuan.