Chinese Police Detain Small Investors Defrauded by State-Linked Investment Group

SOURCE www.breitbart.com
Chinese police detained small investors defrauded by a state-linked investment group, accusing them of acting on behalf of 'overseas anti-China forces.' The company abruptly ceased operations, leaving 100,000 investors with $2.74 billion in losses. Victims were detained for speaking to foreign reporters about the scandal.

Key Points

  • Investors defrauded by Shandong Jianghaihui Financial Group detained by Chinese police
  • Victims accused of acting on behalf of 'overseas anti-China forces' for speaking out
  • Government-supported investment company abruptly ceased operations, leaving investors with significant losses

Pros

  • Highlighting the issue of financial fraud and lack of oversight in China
  • Drawing attention to the plight of small investors who lost their life savings

Cons

  • Violation of freedom of speech and press by detaining victims for speaking out
  • Failure of the Chinese government to address the fraud and protect investors