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Macao police arrested a local resident suspected of cheating more than 95,000 yuan ($12,217) out of a Guangzhou businessman in an investment scam.

The suspect, surnamed Au, is accused of soliciting fake investments totaling 25 million yuan ($3.2 million) in the business of a garden product supplier in Zhongshan, Guangdong.

The garden products supplier in Guangzhou was first told to give Au's "lawyers" 20,000 yuan ($2,572) to register a company in Hong Kong. He gave Au 75,000 yuan ($9,645) more for a deposit and lawyer's fee when they signed the contract in late December. He was then given a check for 25 million yuan ($3.2 million), which bounced.

(Singtao Daily)