China arrests 62 suspects abroad, $1.5 billion seized in P2P crackdown

China has arrested 62 suspects abroad and seized 10 billion yuan ($1.5 billion) in assets from 380 fraudulent peer-to-peer (P2P) lending platforms since June as part of a crackdown on online finance, the public security ministry said.

from Reuters: World News https://www.reuters.com/article/us-china-debt-p2p/china-arrests-62-suspects-abroad-1-5-billion-seized-in-p2p-crackdown-idUSKCN1Q70UI?feedType=RSS&feedName=worldNews

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