Sunday 16 December 2018
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Channel News Asia - 3 month ago

China jails executives behind shadow banking Ponzi scheme - newspaper

SHANGHAI: A court in China sentenced 10 people to prison for running a 40 billion yuan (4.4 billion pounds) Ponzi scheme , the collapse of which sparked protests by jilted investors and made headlines, state media reported on Thursday. Xu Qin, a founder of Zhongjin Capital and related companies ...

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