financial scandal

Is Chasing Deadbeat Debtors “Picking Quarrels”?

Provincial prosecutors in Guizhou have set up a special investigative team to look into the case of a female entrepreneur who, along with members of her legal team, was detained and accused of “picking quarrels and provoking...

An Anticlimactic End to the “Arctic Catfish” Scandal

After 200 days, the long-running “Arctic Catfish” scandal has reached a conclusion, dissatisfying and anticlimactic as it may be. It began after social media user “Arctic Catfish” (北极鲶鱼, Běijí Niányú), a young Chinese woman...

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 mortgage 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 Bank […]

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