Aug 30, 2022 04:30 AM

FINANCE

China Lowers the Boom on 234 Arrested in Village Banking Scandal

By Wu Xiaomeng and Denise Jia

What’s new: Police in central China's Henan province arrested 234 suspects in connection with a multibillion-dollar village banking scandal that sent ripples across China and resulted in violent protests, police in the province's Xuchang city said Monday.

The Xuchang public security bureau said in a statement that the work of loss recovery has made significant progress and the investigation is progressing.

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