About 40 Billion Y Deposit Missing in Henan Banks
#11

(06-06-2022, 05:24 PM)sgbuffett Wrote:  This one is bank employees collude with wealth management product companies and sold the stuff to customer....and money was lost.

It's not "stolen from bank".

Correct?
According to the description,  it was the customers' deposits that went missing.   These customers are mainly those who deposited their money through online platforms using apps offered by Baidu, Xiaomi or China Insurance related companies.   Most of the customers are outstation customers.   

The mastermind behind the scam had gone missing with the money.  

According to the Police report,   The relevant banks cooperated with a local company that was found dealing with public deposits illegally.  They are still investigating.  

Quote:警方回复储户时表示,"初步发现相关银行和河南新财富集团投资控股有限公司合作,后者涉嫌非法吸收公众存款,目前已处于立案侦查阶段"

The text said if this kind of deposit is found to be done through a 3rd party (第三方平台),  the depositors might not get their money back.  The text also said it was estimated there were about 800 to 1000 such 3rd party money depositing platforms presently operating in China.

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Messages In This Thread
About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 06-06-2022, 04:47 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 06-06-2022, 04:48 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Omnipresent88 - 06-06-2022, 04:50 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Oasis - 06-06-2022, 05:21 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by sgbuffett - 06-06-2022, 05:24 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by grotesqueness - 06-06-2022, 05:27 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 06-06-2022, 08:32 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by teaserteam - 06-06-2022, 09:05 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by sgbuffett - 06-06-2022, 05:31 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by webinarian - 06-06-2022, 08:52 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Blin - 06-06-2022, 06:43 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 06-06-2022, 10:51 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Blin - 07-06-2022, 09:32 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by teaserteam - 07-06-2022, 10:16 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by kokee - 06-06-2022, 06:51 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Rubitin - 06-06-2022, 07:59 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Sharexchange - 07-06-2022, 09:41 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by RiseofAsia - 07-06-2022, 09:51 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Sharexchange - 07-06-2022, 09:57 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 09-06-2022, 09:03 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 09-06-2022, 09:10 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by Ola - 09-06-2022, 11:21 AM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 10-06-2022, 03:30 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by sgbuffett - 10-06-2022, 03:43 PM
RE: About 40 Billion Y Deposit Missing in Henan Banks - by revealer - 16-06-2022, 09:08 AM

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