A court in southern China has jailed 24 people for defrauding investors of nearly Rmb10bn ($1.5bn), the latest in a series of financial scams that have proliferated in the country’s unruly and largely unregulated shadow banking sector.
華南一家法庭以詐騙投資者近100億元人民幣(合15億美元)的罪名判24人入獄,這是中國不守法且基本不受監管的影子銀行業頻發的一連串金融欺詐案的最新一例。
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