News Snapshot:
BEIJING – In one of China’s biggest bank frauds, former bank manager Xu Guojun was handed a life sentence in December 2023 for embezzling and misappropriating more than 2.3 billion yuan (S$430 million) between 1993 and 2001. Xu, who used to run the Bank of China’s Kaiping branch in Guangdong province, fled to the United States in 2021 but was repatriated in 2023. He was sentenced in a court in Guangdong. Among other things, Xu and two others had applied for fake loans to obtain the large sum, investigations revealed. The case was highlighted in the work reports by China’s...
News Timeline:
Track the development of related news across the Internet.
January 15, 2024
12:08
Ex-chair of Chinese state-run bank Everbright held for corruption
Source: firstpost.com
January 3, 2024
13:37
China’s war on corruption sees record purge of senior officials
Source: firstpost.com
December 31, 2023
08:44
No Trial over Corruption, Illegal Political Donations for Crypto Fraudster Bankman-Fried
Source: news18.com
December 5, 2023
11:11
Govt Moves to Ban Over 100 Chinese Websites Running Investment Scams Like Cash-for-Rating
Source: news18.com
September 17, 2023
11:21
Li Shangfu, the public face of China’s military, under corruption probe
Source: ChinaTechNews.com
September 16, 2023
14:35
The public face of China’s military under corruption probe
Source: ChinaTechNews.com
September 16, 2023
10:47
NEWSMAKER-The public face of China’s military under corruption probe
Source: ChinaTechNews.com
September 13, 2023
11:01
Chinese are running new phishing scams across Cambodia, Myanmar, Thailand. It’s a scamdemic
Source: theprint.in
June 19, 2023
01:30
Chinese financial firms implement austerity measures; cut salaries, bonuses, as Beijing cracks down on corruption
Source: livemint.com
