Ezubao Case on Trial in China

26 executives associated with Ezubao were on trial this week in China; the fraud case included Anhui Yucheng and Yucheng Global, operators of the online platform, along with other company executives and platform employees; Ezubao has reportedly taken in over 50 billion yuan ($7.3 billion) in fraudulent investments through two platforms Ezubao and Sesame Financial; a final result in the case has not yet been announced. Source

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