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

Since April, four rural banks in the Henan province have frozen millions of dollars worth of deposits. On Sunday, over 1,000 depositors from across China gathered outside a branch of the People’s Bank of China in Henan’s capital Zhengzhou demanding their money

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.