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2024-07-11 07:58:25 +0300

More Protests Erupt in China Over Bank Scam as Anger Simmers

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Bloomberg
By Lisa Du

Police in China say they’ve taken more people into custody over a suspected billion-dollar financial scam as protests involving bank customers erupted for at least the third time, highlighting the difficulty authorities are having resolving the matter.

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“The public security organs have recently arrested a group of criminal suspects, and sealed up, seized, and frozen funds and assets involved in the case in accordance with the law,” police in Xuchang, in the central province of Henan, said in a statement on Sunday, without giving details on who was detained.

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