BEIJING Authorities in central China announced Monday the arrests of 234 people involved in a scam to bilk people out of their savings with the false promise of high interest rates on deposits in obscure rural banks.
The scandal drew national attention in China and protests by disgruntled customers in July were violently quashed. Authorities in Henan now say they have arrested 234 people and made progress recovering the funds.
The scandal drew national attention in China and protests by disgruntled customers in July were violently quashed. Authorities in Henan now say they have arrested 234 people and made progress recovering the funds.
China announces 234 arrests in provincial banking scam accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
BEIJING (AP) Authorities in central China on Monday announced the arrests of 234 people involved in a scam to bilk people out of their savings with the false promise of high interest rates on deposits in obscure rural banks.