$6 Billion In Deposits Vanished From Banks, where Did the Money Go?

$6 Billion In Deposits Vanished From Banks, where Did the Money Go?

$6 Billion In Deposits Vanished From Banks, where Did the Money Go?

Since mid-April, customers' deposits in several village banks in Henan, China, have "vanished”. More than 400,000 depositors were unable to withdraw their deposits of nearly RMB 40 billion. The incident caused depositors to take action to defend their rights and also sparked public concerns. So where did the RMB 40 billion go? Can these 400,000 people still get their money back? Money deposited in the bank is evaporating, $6 Billion savings gone! Henan Bank Depositors Hit With Red Health Codes