The Ministry of Public Security detained 208 people in eight provinces and municipalities. Police said they confiscated thousands of bank cards and have frozen 150 bank accounts.
Police in eight regions coordinated the bust on June 11, following a lengthy investigation of key suspects including a Taiwanese surnamed Wu and a South Korean surnamed Park.
The investigation began in November 2011, when two Taiwanese were caught using a counterfeit bank card to withdraw cash from an automatic teller machine (ATM) in Shaoxing, Zhejiang Province, according to the ministry.
