PDA

View Full Version : Chinese bank hit by $4.9bn loan fraud - Financial Times



FraudNews
02-17-2016, 09:45 AM
http://www.fraud-news.com//t0.gstatic.com/images?q=tbn:ANd9GcT_DjHOGsvaZJc7_c73SlC8nf2f5X4vB B90PDrtJhTkUJajwbLzuuKeFW5nEfdFfCRba3Y2NOo4
Financial Times (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH5ma8f5Vu9mC78CViselz7SWfJ5A&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=N0_EVvCPNJTq3QGIy53ICQ&url=http://www.ft.com/cms/s/0/31fd750e-d06d-11e5-831d-09f7778e7377.html)


Chinese bank hit by $4.9bn loan fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH5ma8f5Vu9mC78CViselz7SWfJ5A&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=N0_EVvCPNJTq3QGIy53ICQ&url=http://www.ft.com/cms/s/0/31fd750e-d06d-11e5-831d-09f7778e7377.html)
Financial Times
Fraud, which often takes the form of forging collateral, is also a result of corruption, where local government enterprises bribe small banks to grant them huge loans. Cases such as these have left banks and investors nursing big losses. Poor internal ...

[/URL]





[url=http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNH5ma8f5Vu9mC78CViselz7SWfJ5A&clid=c3a7d30bb8a4878e06b80cf16b898331&ei=N0_EVvCPNJTq3QGIy53ICQ&url=http://www.ft.com/cms/s/0/31fd750e-d06d-11e5-831d-09f7778e7377.html]More... (http://news.google.co.za/news/more?ncl=dUClCbJFnicQKZM&authuser=0&ned=en_za)