Financial crime suspects escorted back from Malaysia

Chinese police have seized two suspects allegedly involved in major economic crimes and escorted them back from Malaysia, according to the Ministry of Public Security.

Malaysian law enforcement authorities assisted Chinese police in apprehending the suspects, said a statement released Friday by the ministry.

Wang Jianguo, a native of north China's Shandong Province, stands accused of using bogus invoices to claim more than 7 million yuan (1.14 million U.S. dollars) in export tax refunds between August 2004 and January 2005, according to the statement.

In a separate case, Li Yansong, from north China's Hebei Province, allegedly amassed 350 million yuan in loans by defrauding multiple financial institutions in 2011 and 2012, according to the statement.

Wang and Li fled the country in 2005 and 2012, respectively, the statement added.