[teaserteam]

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.  


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.

Never knew their banking system so "lang" one.  Some more 800 to 1000 illegal depositing platforms waiting to explode anytime.