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Title    Beijing Arrests 32 Over Transit Elevated Bus Scam
Date    Wednesday July 05 2017, @10:11AM
Author    n1
Topic   
from the off-the-rails dept.
https://soylentnews.org/article.pl?sid=17/07/04/2228218

takyon writes:

Police in Beijing have arrested 32 people for illegal fundraising linked to a scrapped project to create a "straddling bus" to beat traffic jams.

The futuristic idea to lift commuters above congestion quickly attracted international attention when it was launched last year - but was finally scrapped last month.

There had been growing speculation that it was no more than an investment scam.

In a statement, police said they were working to recover investors' assets.

Source: BBC News

Transit Elevated Bus (Wikipedia)

Original Submission

Links
  1. "takyon" - https://soylentnews.org/~takyon/
  2. "BBC News" - http://www.bbc.com/news/world-asia-china-40492697
  3. "Transit Elevated Bus (Wikipedia)" - https://en.m.wikipedia.org/wiki/Transit_Elevated_Bus
  4. "Original Submission" - https://soylentnews.org/submit.pl?op=viewsub&subid=21078
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printed from SoylentNews, Beijing Arrests 32 Over Transit Elevated Bus Scam on 2023-05-26 12:05:41