Acceptance bills used to defraud bank

摘要

CHINESE police and regulators are reported to be investigating two juniorrnemployees at China’s third-largest bank who allegedly embezzled morernthan Rmb3.8 billion ($578m) to invest in the once-booming stock market.rnLocal newspapers reported in January that Liu Shiyu, chairman of thernAgricultural Bank of China, was ‘furious’ over a lapse in internal controlsrnthat allegedly allowed employees at its Beijing branch to illegally obtainrncash through bankers acceptances. The employees reportedly intendedrnto return the cash after completing stock trades, but the sharp decline inrnChina’s stock market led to losses.