Taipei: Taiwan has urged China and Hong Kong to work together to investigate a spate of financial love scams that have caused over USD 30 million in losses to Taiwanese targets.
Fighting this new type of cross-border love scams will require the cooperation of all three administrations, and is in stark contrast to mounting recent tensions over Beijing’s desire for closer political links.
According to the Criminal Investigation Bureau (CIB), suspects based in China and Hong Kong have used social media to start romantic relationships with victims in Taiwan, and then coaxed them to invest in fake financial companies.
Over 500 local people have been swindled since January last year, with the losses totalling over USD 30 million, including one victim who lost USD two million, the CIB said Tuesday. “These love scams are increasing rapidly,” it added.
Targets were encouraged to wire money to Hong Kong-based bank accounts – opened by Hong Kong or mainland Chinese persons – on the understanding it would be invested in stocks, foreign currencies, gold or futures.
Spurred on by good investment returns displayed on fake websites, victims would then pour in money until they asked to redeem it in vain, the bureau said.
“The suspects used social media to add Taiwanese people as ‘friends’… and gradually lured the victims with cyber honey traps to gain their trust and emotional involvements,” the CIB said in a statement.
Huang Ming-Chao, the CIB’s commissioner, said Taiwanese police are seeking cooperation from Hong Kong and China police for a joint investigation, although they have yet to respond. Without such cooperation ‘similar cases would keep happening’, he added.
Taiwan and China in 2009 signed a joint crime-fighting and judicial assistance agreement, under the oversight of the former Beijing-friendly Kuomintang government.
However, relations have grown frosty since President Tsai Ing-wen of the independence-leaning Democratic Progressive Party took office in Taiwan 2016, as she has refused to acknowledge that the self-ruled country is part of ‘one China’.
Beijing has responded by cutting off official communication with Ing-wen’s government, ramping up military drills around the island, and poaching its diplomatic allies.
Taiwanese prosecutors said earlier this year that Hong Kong police did not respond to their requests for cooperation in a high-profile case of a Hong Kong woman who was allegedly murdered by her boyfriend while they were on vacation on the island.
AFP