Three Shenzhen officials who allegedly defrauded their own bank out of 235 million yuan (about HK$218.78 million) have been arrested in Mongolia after fleeing the country. Shenzhen Shajing Credit Co-operative Baoan district director Deng Baoju, Huangpu district director Mai Weiping and financial affairs manager Chen Xiqiu were arrested after remaining at large for about two months, the Yangcheng Evening News reported yesterday. The report said Deng, Mai and Chen colluded to funnel 235 million yuan of credit co-operative funds through a fictitious company bank accounts. They later made off with 170 million yuan. Baoan district police were quoted as saying the fraud was made possible by the chaotic financial accounts at the company. Mongolian police caught up with the trio on January 11. They were repatriated at the weekend. The scheme is one of the most brazen frauds reported in recent months and comes as the Guangdong provincial government has vowed to crack down on mismanagement at financial institutions throughout the province. Last week, Guangdong governor Lu Ruihua said the provincial government aimed to reduce financial risk in the province by restructuring property rights and the credit apparatus as well as strengthening financial order through a clean-up of local financial institutions and overseas window companies. Guangdong High People's Court president Lu Botao said Guangdong prosecuted 522 individuals last year for destruction to the province's financial order, with 77 prosecuted for swindling.