Investors in Fraudulent Wealth Management Plan Repaid
(Shanghai) – Investors who bought into a fraudulent wealth management plan got their money back without interest.
About 80 investors have received payments equal to their principal investment, several investors said. They agreed not to seek any interest.
The agreement was reached at a meeting on January 9 at Huaxia Bank's Jiading branch in suburban Shanghai, where the wealth product was sold.
- Central Bank Cuts Benchmark Lending Rate
- A Passage to India
- Hike in Train Ticket Prices This Year 'Unlikely After All'
- Graphics: Sino-Australian Trade Deal
- Another Hebei Official Is Targeted by Corruption Investigators
- Closer Look: Gov't Wants Proactive Tax Policies, but Ends Up with a Problem
- China-U.S. Investment Treaty Would Strengthen Economic Relations
- Top Prosecutor's Office Plans New Body to Better Fight Corruption
- Exercise Caution
- Book: Living Karma: The Religious Practices of Ouyi Zhixu
- Sign up to receive our free daily newsletter
- Visa, MasterCard Confront China's Stacked Deck
- Chinese Developers' Projects in Malaysia Run into Series of Snags
- At Factory Waste Ponds, Fumes Choke Fantasies
- Some Shanghai FTZ Reform Ideas Introduced to Rest of Country
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- Closer Look: Why Shanghai-Hong Kong Stock Connect Was One-Way Road
- Graft Busters Find another Cash Pile, but Family Denies Corruption
- Gov't Gives Academics Failing Grade for Fraud in Research Funding
- Canceled Mexican Rail Contract Gives Chinese Firms Chance to Reflect
- Closer Look: Sales Soar, but Alibaba Frets over Delivery, Time Zone Issues