Shocking video: China crushes protest by citizens demanding their savings

Latest viral video coming from China reveals local law enforcement violently crushing protests by depositors who were seeking to get merely get their savings from a sub-branch of the People's Bank of China.

The banks froze millions of dollars worth of deposits in April, telling customers they were upgrading their internal systems. The banks have not issued any communication on the matter since, depositors reportedly said.

A crowd of more than 1,000 protesters faced off with security guards who were seen dragging protesters and beating them up in the videos circulated on social media.

According to Chinese media the frozen deposits across the various local banks could be worth up to $1.5 billion and authorities are investigating the three banks for illegal fundraising.