Angela Xu/Shanghai Daily news

Ambition brought a restaurant owner unstuck yesterday, when he was arrested for embezzling more than 10 million yuan (US$1.46 million) from about 20 victims.

Jiang Bo, 43, was charged with illegally collecting public deposits. Pudong Zhangjiang Area Prosecutors' Office revealed yesterday that he had promised to pay interest of between 1.5 percent and 4 percent a month to the people he borrowed money from.