{"id":8256,"date":"2006-06-27T06:14:46","date_gmt":"2006-06-27T13:14:46","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2006\/06\/27\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/"},"modified":"2006-06-27T06:14:46","modified_gmt":"2006-06-27T13:14:46","slug":"auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/","title":{"rendered":"Auditors find billions in fraud at Agricultural Bank &#8211; Leo Zhang"},"content":{"rendered":"<p>From Shanghai Daily:<\/p>\n<blockquote><p>Auditors say they&#8217;ve uncovered 60.3 billion yuan (US$7.5 billion) worth of financial crimes and bookkeeping irregularities at the<a href=\"http:\/\/en.wikipedia.org\/wiki\/Agricultural_Bank_of_China\"> Agricultural Bank of China<\/a>, underscoring the challenges regulators face as they attempt to reform the weakest of the nation&#8217;s state-owned banks.<\/p>\n<p>The probe discovered 51 cases of fraud worth 8.7 billion yuan and involving 157 employees, the China National Audit Office said in a Website statement yesterday. The investigation, which focused on 2004, covered the Beijing-based bank&#8217;s headquarters and 21 branches.<\/p>\n<p>&#8220;The cases included not only loan fraud involving persons outside the bank but also the embezzlement of funds by bank employees who conspired with outside parties,&#8221; the statement said. <a href=\"http:\/\/www.shanghaidaily.com\/art\/2006\/06\/27\/284393\/Auditors_find_billions_in_fraud_at_Ag_Bank.htm\">[Full Text]<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Shanghai Daily: Auditors say they&#8217;ve uncovered 60.3 billion yuan (US$7.5 billion) worth of financial crimes and bookkeeping irregularities at the Agricultural Bank of China, underscoring the challenges regulators face as they attempt to reform the weakest of the nation&#8217;s state-owned banks. The probe discovered 51 cases of fraud worth 8.7 billion yuan and involving [&hellip;]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[3255,3493,203],"class_list":["post-8256","post","type-post","status-publish","format-standard","hentry","category-economy","tag-agricultural-bank-of-china","tag-banking-fraud","tag-corruption","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.7 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auditors find billions in fraud at Agricultural Bank - Leo Zhang<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auditors find billions in fraud at Agricultural Bank - Leo Zhang\" \/>\n<meta property=\"og:description\" content=\"From Shanghai Daily: Auditors say they&#8217;ve uncovered 60.3 billion yuan (US$7.5 billion) worth of financial crimes and bookkeeping irregularities at the Agricultural Bank of China, underscoring the challenges regulators face as they attempt to reform the weakest of the nation&#8217;s state-owned banks. The probe discovered 51 cases of fraud worth 8.7 billion yuan and involving [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2006-06-27T13:14:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mo Ming\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdt\" \/>\n<meta name=\"twitter:site\" content=\"@cdt\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mo Ming\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\"},\"author\":{\"name\":\"Mo Ming\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/aef0bcd18439f04715fb3dd47b41f2a1\"},\"headline\":\"Auditors find billions in fraud at Agricultural Bank &#8211; Leo Zhang\",\"datePublished\":\"2006-06-27T13:14:46+00:00\",\"dateModified\":\"2006-06-27T13:14:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\"},\"wordCount\":118,\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"keywords\":[\"Agricultural Bank of China\",\"banking fraud\",\"corruption\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\",\"url\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\",\"name\":\"Auditors find billions in fraud at Agricultural Bank - Leo Zhang\",\"isPartOf\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\"},\"datePublished\":\"2006-06-27T13:14:46+00:00\",\"dateModified\":\"2006-06-27T13:14:46+00:00\",\"breadcrumb\":{\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/chinadigitaltimes.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auditors find billions in fraud at Agricultural Bank &#8211; Leo Zhang\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#website\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"name\":\"China Digital Times (CDT)\",\"description\":\"Covering China from Cyberspace\",\"publisher\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/chinadigitaltimes.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#organization\",\"name\":\"China Digital Times\",\"url\":\"https:\/\/chinadigitaltimes.net\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"contentUrl\":\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg\",\"width\":186,\"height\":177,\"caption\":\"China Digital Times\"},\"image\":{\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ChinaDigitalTimes\",\"https:\/\/x.com\/cdt\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/aef0bcd18439f04715fb3dd47b41f2a1\",\"name\":\"Mo Ming\",\"url\":\"https:\/\/chinadigitaltimes.net\/author\/mo-ming\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Auditors find billions in fraud at Agricultural Bank - Leo Zhang","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/","og_locale":"en_US","og_type":"article","og_title":"Auditors find billions in fraud at Agricultural Bank - Leo Zhang","og_description":"From Shanghai Daily: Auditors say they&#8217;ve uncovered 60.3 billion yuan (US$7.5 billion) worth of financial crimes and bookkeeping irregularities at the Agricultural Bank of China, underscoring the challenges regulators face as they attempt to reform the weakest of the nation&#8217;s state-owned banks. The probe discovered 51 cases of fraud worth 8.7 billion yuan and involving [&hellip;]","og_url":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/","og_site_name":"China Digital Times (CDT)","article_publisher":"https:\/\/www.facebook.com\/ChinaDigitalTimes","article_published_time":"2006-06-27T13:14:46+00:00","og_image":[{"width":186,"height":177,"url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png","type":"image\/png"}],"author":"Mo Ming","twitter_card":"summary_large_image","twitter_creator":"@cdt","twitter_site":"@cdt","twitter_misc":{"Written by":"Mo Ming","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#article","isPartOf":{"@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/"},"author":{"name":"Mo Ming","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/aef0bcd18439f04715fb3dd47b41f2a1"},"headline":"Auditors find billions in fraud at Agricultural Bank &#8211; Leo Zhang","datePublished":"2006-06-27T13:14:46+00:00","dateModified":"2006-06-27T13:14:46+00:00","mainEntityOfPage":{"@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/"},"wordCount":118,"publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"keywords":["Agricultural Bank of China","banking fraud","corruption"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/","url":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/","name":"Auditors find billions in fraud at Agricultural Bank - Leo Zhang","isPartOf":{"@id":"https:\/\/chinadigitaltimes.net\/#website"},"datePublished":"2006-06-27T13:14:46+00:00","dateModified":"2006-06-27T13:14:46+00:00","breadcrumb":{"@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/chinadigitaltimes.net\/2006\/06\/auditors-find-billions-in-fraud-at-agricultural-bank-leo-zhang\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/chinadigitaltimes.net\/"},{"@type":"ListItem","position":2,"name":"Auditors find billions in fraud at Agricultural Bank &#8211; Leo Zhang"}]},{"@type":"WebSite","@id":"https:\/\/chinadigitaltimes.net\/#website","url":"https:\/\/chinadigitaltimes.net\/","name":"China Digital Times (CDT)","description":"Covering China from Cyberspace","publisher":{"@id":"https:\/\/chinadigitaltimes.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/chinadigitaltimes.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/chinadigitaltimes.net\/#organization","name":"China Digital Times","url":"https:\/\/chinadigitaltimes.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/","url":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","contentUrl":"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.jpg","width":186,"height":177,"caption":"China Digital Times"},"image":{"@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ChinaDigitalTimes","https:\/\/x.com\/cdt"]},{"@type":"Person","@id":"https:\/\/chinadigitaltimes.net\/#\/schema\/person\/aef0bcd18439f04715fb3dd47b41f2a1","name":"Mo Ming","url":"https:\/\/chinadigitaltimes.net\/author\/mo-ming\/"}]}},"_links":{"self":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/8256"}],"collection":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/comments?post=8256"}],"version-history":[{"count":0,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/posts\/8256\/revisions"}],"wp:attachment":[{"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/media?parent=8256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/categories?post=8256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chinadigitaltimes.net\/wp-json\/wp\/v2\/tags?post=8256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}