China detains alleged bank fraud ‘gang’ after rare mass protests ...Middle East

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BEIJING: Members of a “criminal gang” accused of taking control of local banks have been arrested in central China after rare protests over alleged financial corruption sparked violent clashes between customers and authorities.Hit hard by the country's economic slowdown, four banks in Henan province have since mid-April frozen all cash withdrawals, leaving thousands of small savers without funds and sparking sporadic demonstrations.In one of the largest such rallies yet, hundreds gathered Sunday outside a branch of the People's Bank of China in Henan's capital Zhengzhou demanding their money, according to multiple witnesses who declined to be named.Protesters held banners accusing local offi

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Last updated : 11 July 2022 clock 09:00 AM

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China detains alleged bank fraud ‘gang’ after rare mass protests ...Middle East

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