China Po­lice Ar­rest 230 over Pyra­mid Scheme

The Economic Times - - Around The World -

Beijing: Chi­nese po­lice have ar­rested 230 mem­bers of a sus­pected pyra­mid scheme, a week af­ter a rare demon­stra­tion in Beijing protest­ing a crack­down on the group. The scheme, known as Shanx­in­hui or “phil­an­thropic ex­change”, is un­der in­ves­ti­ga­tion and the group’s founder Zhang Tian­ming, along with sev­eral em­ploy­ees, was ar­rested ear­lier this month. But in an un­usual dis­play of pub­lic dis­obe­di­ence, hun­dreds of protesters af­fil­i­ated with the scheme gath­ered in the cap­i­tal Beijing on Mon­day and 67 of them were de­tained. Pho­tos and videos on so­cial me­dia showed a large group chant­ing slo­gans and hold­ing red ban­ners urg­ing Pres­i­dent Xi Jin­ping to stop the in­ves­ti­ga­tion into the group, which they de­scribed as a le­git­i­mate plat­form be­ing “per­se­cuted”. AFP

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