SHANGHAI -- Chinese authorities on Tuesday scrambled to dole out refunds to depositors caught in a rural banking scam that has led to more than 200 arrests and triggered concerns about the country's small lenders.
Politics
China doles out bank scandal refunds after hundreds of arrests
More than 230 suspects detained in alleged scam involving $1.5bn in deposits
Demonstrators protest a freeze on deposits by rural-based banks outside a People's Bank of China building in the Henan province city of Zhengzhou. © Reuters
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