Chinese banking scandal: financial official placed under investigation (color your money gone, Chinese depositors)

by Boo_Randy

Placing financial officials under investigation isn’t going to help the baggies get their money back. Remember, muppets: in a time of universal fraud, if you don’t hold it, you don’t own it.

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An official once responsible for overseeing the banks at the centre of one of China’s biggest financial scandals has been placed under investigation two weeks after rare protests broke out in the central province of Henan.

The China Banking and Insurance Regulatory Commission announced the disciplinary probe into Li Huanting, a senior inspector at its Henan branch, in a terse statement on its website on Sunday.



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