FraudNews
01-28-2016, 11:11 PM
http://www.fraud-news.com//t1.gstatic.com/images?q=tbn:ANd9GcQLLC5RyjLRQ6-dpQOcrnNmaiLI_n7l1aoABYEiEP_H0nsO4cX_BH3wFJoKfMplw LtPlSmQ2-U
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)
Paper Trail of Fraud Shows Flaws in Booming China Funding System (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)
Bloomberg
The $700 billion market, which doubled in size in the past two years, also has other pitfalls: Because some 80 percent of transactions are recorded on paper rather than electronically, fraud has been common and illicit proceeds have often been invested ...
CITIC Bank uncovers US$147.4m fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF6Pv7mWk62sW4soVAMglHE-FWCEw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.shanghaidaily.com/business/finance/CITIC-Bank-uncovers-US1474m-fraud/shdaily.shtml)Shanghai Daily (subscription)
Citic Bank discovers $147m bill finance fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFwnmnEGA36ljdOQV4Pp7s5xLw75Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.ft.com/cms/s/0/6aa960c0-c5a5-11e5-993a-d18bf6826744.html)Financial Times
China lender lifts lid on bill-financing fraud worth 1b yuan (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHqahmYUzDMPxiykOPsCE5NoFD1ng&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.thestandard.com.hk/section-news.php?id%3D165733)Hong Kong Standard
EJ Insight (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHKqBRtr3-gN2BRDDUpE6qLmDpvZQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.ejinsight.com/20160128-citic-bank-discovers-1-bln-yuan-fraud-at-branch/)
all 9 news articles » (http://news.google.co.za/news/more?ncl=dA_IhSuZzvWB5KMUAZwOMG9hkNnQM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)
Bloomberg (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)
Paper Trail of Fraud Shows Flaws in Booming China Funding System (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)
Bloomberg
The $700 billion market, which doubled in size in the past two years, also has other pitfalls: Because some 80 percent of transactions are recorded on paper rather than electronically, fraud has been common and illicit proceeds have often been invested ...
CITIC Bank uncovers US$147.4m fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNF6Pv7mWk62sW4soVAMglHE-FWCEw&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.shanghaidaily.com/business/finance/CITIC-Bank-uncovers-US1474m-fraud/shdaily.shtml)Shanghai Daily (subscription)
Citic Bank discovers $147m bill finance fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFwnmnEGA36ljdOQV4Pp7s5xLw75Q&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.ft.com/cms/s/0/6aa960c0-c5a5-11e5-993a-d18bf6826744.html)Financial Times
China lender lifts lid on bill-financing fraud worth 1b yuan (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHqahmYUzDMPxiykOPsCE5NoFD1ng&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.thestandard.com.hk/section-news.php?id%3D165733)Hong Kong Standard
EJ Insight (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHKqBRtr3-gN2BRDDUpE6qLmDpvZQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.ejinsight.com/20160128-citic-bank-discovers-1-bln-yuan-fraud-at-branch/)
all 9 news articles » (http://news.google.co.za/news/more?ncl=dA_IhSuZzvWB5KMUAZwOMG9hkNnQM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNELHgXqPuiMy84MbiNQPWqesKWpJg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779038575342&ei=H66qVriFBpTP3gHqloKABA&url=http://www.bloomberg.com/news/articles/2016-01-28/paper-trail-of-fraud-shows-flaws-in-booming-china-funding-system)