Fraudulent information. If you were suspected of bank loan fraud, you would have been arrested by the police station and sent to the detention center. That's not how criminal cases work.

If it involves a criminal case, the police will probably have arrested you a long time ago. Why would they notify you via text message? It should be a text message fraud, so ignore it.

About legal action notifications : Regarding the case of *** suspected of malicious credit card overdraft, due to the long-term failure of the relevant departments to call for payment, the obvious intention to illegally embezzle state funds, and seriously disrupting the financial order, the judicial authorities have now adopted the Ministry of Public Security and the Supreme People's Procuratorate of China on March 15, 2010. (Regulations issued by the Supreme People's Procuratorate and the Ministry of Public Security on the standards for filing and prosecution of criminal cases involving malicious credit card overdrafts under the jurisdiction of public security organs) A comprehensive inspection of your and your family's property will be carried out and is scheduled to be held in Shenzhen at 10:00 am on March 23, 2015. The Fourth Criminal Tribunal of Futian District People's Court of Futian District has opened its session, (02015) Shenfu Fazi No. 032, hereby inform you! Please pay attention to the court announcement. For details, please refer to Article 196 of the Criminal Law of the People's Republic of China.

Tip: You must be clear-headed when encountering this kind of thing. First make sure the accuracy of the information and make next plans.