China police arrest 21 over $7.6bln scam

ReutersNewsPublished: February 1, 201647 views
Published: February 1, 2016

China's state media has reported that Chinese police have arrested 21 people involved in the operation of peer-to-peer (P2P) lender Ezubao. As Eve Johnson reports, the arrests are linked to an alleged online scam which reportedly took some 50 billion yuan ($7.6 billion) from about 900,000 investors.

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