KEY POINTS:
A company in northeast China raised the equivalent of NZ$573 million from gullible members of the public by promising big profits from a project to breed ants. The Donghua Ecological Breeding Company offered returns of 35 to 60 per cent on investments in the bogus project. In some parts of China black ants are sold by the bagful to be steeped in tea or soaked in liquor as a natural healing remedy.
- AGENCIES
