Operation targets 60 billion [currency not specified] fraud; 89 arrest warrants issued in 27 provinces

Authorities have issued arrest warrants for 89 suspects across 27 provinces in an operation targeting a massive alleged fraud totaling 60 billion [currency not specified]. The suspects are accused of exploiting the corporate identity of a bank, along with the names and images of its managers, to establish fraudulent investment groups on digital platforms.

These illicit operations were reportedly conducted through shell companies, designed to deceive individuals into believing they were participating in legitimate investment schemes. The scale of the alleged fraud and the widespread nature of the operation highlight a sophisticated criminal enterprise.

The investigation is ongoing, with authorities working to apprehend the remaining suspects and recover any illicitly obtained funds. The case underscores the risks associated with online investment schemes and the importance of verifying the legitimacy of financial platforms and entities.