China busts underground bank funnelling â¹19,000 crore abroad
Chinese authorities have busted an underground bank used by more than 10,000 people for illegally funnelling over â¹19,000 crore overseas. Police detained seven people in connection with the scheme from the southern province of Guangdong. Authorities had busted over 380 underground illegal banks last year involving transactions worth over â¹8 lakh crore.