Tag: banking scandal

China arrests hundreds over banking scandal that sparked rare protests

  BEIJING, China (AFP) — Chinese police have arrested more than 200 suspects linked to one of the country’s biggest-ever banking scandals, which triggered rare mass protests. Four banks in central China’s Henan province suspended cash withdrawals in April as regulators cracked down on mismanagement, freezing the funds of hundreds of thousands of customers and sparking protests that at times ended in violence. Police said Monday they had now arrested 234 people in connection with […]