Over 230 people nabbed over Henan banking scam

by The Manila Times

Aug 31, 2022 12:14 am

BEIJING: Authorities in central China announced on Monday the arrests of 234 people involved in a scam to bilk people out of theirsavings with the false promise of high-interest rates on deposits in obscure rural banks.

The scandal drew national attention after investors seeking answers about where their money went were prevented from reaching Zhengzhou, the capital of Henan province, when the health status displayed on their mandatory Covid-19 mobile phone apps was suddenly changed to red, preventing them from traveling.

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