World

Canadian held in Macau for $284 mn fraud attempt

AFP

A Canadian man, who allegedly tried to swindle an entertainment company out of $284 million, has been arrested in the gambling hub of Macau, police said on Monday.

The suspect, a 61-year-old retiree of Chinese descent, was arrested on Friday after allegedly trying to transfer the money from the firm’s bank account using bogus documents earlier in the week. In an emailed statement Macau’s Judiciary Police told AFP the man, surnamed Liao, tried to use a “fake authorisation document and transfer slip to try to defraud the entertainment company and the bank”.