(Beijing Comprehensive News) The Xuchang Public Security Bureau of Henan, China said that 234 people involved in the banking case involving Henan Village and Towns were arrested.

The Henan Village Bank case was derived from mass protests in May this year.According to Chinese media earlier, the incident started in 2011.Lv Yi, the main brain behind the main brain and Henan New Fortune Group, controls several village banks through the shadow company, and rely on the Internet to collect wealth in the country.The whereabouts are unknown.

According to the "Ping An Xuchang" WeChat public account, the Xuchang City Public Security Bureau issued a police report on Monday (August 29) that the public security organs found that the criminal gang headed by Lu Yi'sFour villages and towns banks were suspected of implementing a series of serious crimes.

The report said that in addition to the interest of the normal deposit, this criminal gang used some funds illegally obtained to use the annualized yield of 13%to 18%as the bait to capture funds.After layers of layers, they were obtained by some large funding customers.

The report said that the public security organs have arrested a large number of criminal suspects, of which 234 people have been arrested, and major progress has been made in pursuit of stolen and loser.

According to the First Financial Report, the Henan Banking Insurance Regulatory Bureau and the Henan Provincial Local Financial Supervision Bureau issued a announcement on Monday that from August 30, the Bank of Xinmin Village Bank, Shang Cai Huimin Village Bank, TanchengHuanghuai Village Bank and Kaifeng New Oriental Village Bank Outside Business Customer Customer Insurance Single Institutions' single -person consolidation amount of 400,000 yuan to 500,000 yuan (inclusive) starts.

More than 500,000 yuan is paid at 500,000 yuan, and partial equity reservations are not paid.