Tanks have been used by the communist Chinese government to stop its disillusioned citizens from taking their savings out of troubled banks.
According to a Reddit user, shocking video from what is thought to be Rizhao in Shandong Province depicts a row of tanks encircling a local bank office to stop dissatisfied residents from withdrawing their money, which the government is now defining as “investment products”, Infowars reports.
Accounts at Yuzhou Xinminsheng Village Bank, Shangcai Huimin County Bank, Zhecheng Huanghuai Community Bank and New Oriental Country Bank of Kaifeng in Henan province and Guzhen Xinhuaihe Village Bank in the Anhui province have been frozen since April 18, according to the South China Morning Post, citing a “system upgrade.”
Chinese officials claim the Henan Xincaifu Group had taken over these five banks through “internal and external collusion” and “illegally” attracted depositors with peer-to-peer fundraising practices.
Bank runs began erupting in Henan province last week over reports their deposits totaling $6 billion (40 billion yuan) vanished, with videos capturing the Chinese officials violently cracking down against people trying to access to their money.