Last week, the general manager of the Shanghai Fanxin Insurance Agency stole 500 million yuan worth of company funds and fucked-off to Fiji, apparently thinking she could get away with it. Instead, Chen Yi’s term as a half-billionaire was cut drastically short when Fijian authorities extradited her back to China.
The China Daily reports:
Last week, the city’s insurance watchdog said it had discovered Fanxin [Insurance Agency] was selling unauthorized wealth management products and Chen, dubbed the “beauty manager” by people in the business, had been inaccessible for weeks.
She was reported to have fled to Canada with tens of millions of yuan. On Monday, the Ministry of Public Security said Chinese police tracked Chen down in partnership with law enforcement officers in Fiji .
After the case was reported to Shanghai police and the ministry, a team was sent to Fiji where Chen was seized with the help of local police, the ministry said.
After news of the scandal broke, many customers demanded refunds from Fanxin Insurance, as it’s not the most comforting realization that your money may be spontaneously cashed-out and stolen.
[Image via MiguelSancheese]