Bank of China unveils financial fraud of 200m yuan - Beijing Time
From Beijing Times:
Bank of Communications, one of China’s major commercial banks, said on Saturday that it has found out a financial fraud case involving about 200 million yuan (25 million U.S. dollars) in one of its branches in a recent self-examination.
“We have found out a case in which customers was defrauded of their money in our branch in Shenyang, capital of Northeast China’s Liaoning Province,” said a BoCOM spokesperson in Shanghai.
The case was exposed when the BoCOM was carrying out a new round of self examination and having its customer information management system upgraded, said the spokesperson. [Full Text]
