25 May 2019

Bank staff said to have connived in loan fraud, Xinhua says

Staff at some major Chinese banks are said to have proactively encouraged clients who were ineligible for certain loans to approach intermediaries and secure fake documents to see their applications through, Xinhua news agency reported late Thursday. Some of the cases may have involved mortgage loan related fraud, according to the report.

– Contact HKEJ at [email protected]



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