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View Full Version : Standard Bank has $170m exposure to China metal fraud - Moneyweb.co.za



FraudNews
07-10-2014, 10:18 AM
Standard Bank has $170m exposure to China metal fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGFtEn9rZMWSDUNswxTQxZ4KyqvYQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778554279848&ei=dWi-U-juMcTZgAfDoYGYAQ&url=http://www.moneyweb.co.za/moneyweb-financial/standard-bank-has-170m-exposure-to-china-metal-fra)
Moneyweb.co.za
SHANGHAI - Standard Bank Plc said it has a total exposure related to China's Qingdao port of about $170 million worth of aluminium, and has started legal proceedings in Shandong Province to protect its position. The bank, a subsidiary of Standard Bank ...
Standard Bank Starts Legal Action Over Suspected Qingdao Port Fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGg8xyQf6FhcGHJypy5NUcApCfAYA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778554279848&ei=dWi-U-juMcTZgAfDoYGYAQ&url=http://online.wsj.com/articles/standard-bank-starts-legal-action-in-china-over-suspected-qingdao-port-fraud-1404977193)Wall Street Journal

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