Authorities crack down on underground banks
By Xinhua | China Daily | Updated: 2017-02-28 07:59
Police seized more than 900 billion yuan ($131 billion) in cases involving underground banks last year, the Ministry of Public Security said on Sunday.
The 380 major cases involved more than 800 suspects.
The campaign against underground banks is aimed at maintaining financial order and security, and is helping the country's anti-corruption drive recover the assets of fugitive officials, the ministry said.
Photo