More Officials Probed after Rural Banking Scandal in Henan

An anti-graft storm continues rattling the banking sector in central China’s Henan Province after a multibillion-dollar scam swindled thousands of depositors across the country.

Two more banking regulators in Henan have been placed under investigation, joining a growing list of fallen officials as investigators zero in on the province’s rural banking system. Eight officials in Henan’s banking regulatory system have now been brought under investigation since March.