There are hundreds of arrests in China due to largest fraud

In China, 234 people were arrested, who are suspected of involvement in the largest banking fraud in the history of the country. Banks stole $ 5.8 billion in people, writes Bloomberg.

The police said that the criminal group led by the suspect LU and illegally controlled four rural banks in the provinces of Henan and Ankhoy. Banks offered bets up to 18% to raise funds. Thus, they attracted $ 5.8 billion (¥ 40 billion) to deposit accounts, after which scammers blocked the owners with access to accounts.

Since April, people protested, trying to attract the attention of the authorities. To solve the problem, dozens of lawyers attracted. Now law enforcement officers are actively investigating this case and pay compensation to the victims.