Police said yesterday they foiled a 3.5 million yuan ($510,000) bank scam in which a man tricked a bank manager into depositing money into his account.
The man, surnamed Jin, said he needed the money to make a deposit report and offered to repay it the next day, with a 17,500 yuan payment as a reward.
The manager, a woman surnamed Hu, persuaded her friend, a woman surnamed Ma who is a general manager of a financial firm, to provide the money.
The three met at a bank on February 14 and Ma transferred the money from her personal account to Jin's.
But the money was then transferred to another account, held by a man surnamed Mo, police said.
Jin left the meeting, saying he would collect the money from Mo.
But the women reported the incident to police and the account was frozen. Huangpu District police arrested Jin late last month.
Jin allegedly admitted that he needed the money to cover debts, police said. He owed the money to Mo, but police said Mo had nothing to do with the scam.