Why hundreds of Chinese people can't withdraw their own money from the bank

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Why hundreds of Chinese people can't withdraw their own money from the bank
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Since April last year, at least $8.5 billion has been frozen, leaving bank customers in dire straits. When they tried to protest, they allege they received brutal treatment from the police.

The Xinhua report said the CBIRC and the People's Bank of China will "resolutely punish financial crimes and protect the legal rights and interests of depositors in accordance with the law"."The criminal group, headed by [the company's CEO] Lv Yi, illegally took control of four rural banks, including Yuzhou Xinminsheng Village Bank, and are suspected of committing a series of severe crimes," the police statement said.

On Monday this week, Beijing Business Today , reported in a now-deleted post that the four banks had started returning money to customers who had over 500,000 yuan in their accounts. "I saw that there was a poster with some rules and regulations for the police on the wall, which clearly require that suspects 'should not be beaten, verbally humiliated or attacked'.One other bank customer, who asked not to be named, said he had more than 7 million yuan deposited at Shangcai Huimin Village Bank and Zhecheng Huanghuai Village Bank, which was all his family's savings.

The man said he had "repeatedly asked for an assessment of the injuries" at the police station, but the police "ignored it".Mr Kang said it was not his first encounter with the police.He believed it was to prevent him from taking part in a protest happening at the time. Mr Liu said he has 2.85 million yuan frozen in his transaction deposit account at Kaifeng's Xindongfang Village Bank.WatchConflict broke out at the People's Bank of China building where hundreds gathered over the freezing of deposits in July last year.

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