Hundreds more arrested in China’s rural banking scandal


Police in central China’s Henan province have arrested more than 230 people suspected of involvement in a massive rural banking scandal.

“The criminal gang, headed by Lu Yi, illegally took control of four rural banks, including Yuzhou Xinminsheng Village Bank, and are suspected of committing a series of severe crimes,” the public security bureau in the city of Xuchang said on Monday.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

SCMP , China , Bank Scandal

   

Next In Aseanplus News

Cambodian govt extends property tax exemption for affordable homes until end of 2025
Brawner: It’s not true that I will take over VP Duterte’s security group
Laos, US partner to expand access to justice for women and children
Police cordon Indian palace as rivalry between royal brothers spark clashes
Young volunteers bring education to street kids in Yangon
‘Don’t become cocky’, Jokowi warns eventual winners of regional polls
Thai consumers reserve expensive coffees for special occasions as prices climb
Nickel trading case: Prosecution says 947 invested S$1.46bil into scheme that was ‘fiction’
Sarawak to proceed with Year Six assessment exams next year
Myanmar's foreign trade exceeds US$15.4bil from April to October

Others Also Read