Bank of China reveals loan scam details

From AP, via Business Week:

The Bank of China revealed Saturday it fired a Beijing loan officer for his role in a loan scam three years ago that cost the bank some 645 million yuan (US$78 million; euro60 million), the government said.

Xu Weilian, deputy chief of retail operations at one of the ’s Beijing branches, was dismissed and the case was reported to local police in September 2002, the official Xinhua News Agency said, citing bank spokesman Wang Zhaowen.

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.