First Wave of Audit for Violations in Xinqing'an, Over a Thousand Violating Households Estimated

Reported about 1 year ago

The Ministry of Finance continued its audit on violations in Xinqing'an without stopping, holding a meeting with eight major banks in the evening of July 8, 2024, to confirm that in the first batch (from August 1 last year to March 30 this year) of audited loan cases, there are over a thousand highly suspected violators. The Ministry stressed the need for thoroughness in handling the issue and plans to publicly disclose the confirmed number of violators soon, with the subsequent handling of penalties and interest recovery to be done by the banks themselves.

Source: YAHOO

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