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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4460)2/22/2005 8:19:52 PM
From: RealMuLan  Read Replies (1) of 6370
 
China Construction Bank officials flee with US$8 million



HONG KONG : The China Construction Bank (CCB), one of the mainland's big four state-owned commercial banks and set to list this year, is investigating the disappearance of at least eight million US dollars from one of its branches.

One or two officials of the branch in China's northeast Jilin province are believed to have fled the country with the branch's funds, the South China Morning Post said, citing sources close to the bank.

This is the latest scandal to hit mainland banks.
channelnewsasia.com
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