Friday, 11 July 2014

China bank denies state TV claims of 'dirty money' transfers

POLITICAL ECONOMY
China bank denies state TV claims of 'dirty money' transfers
Shanghai (AFP) July 10, 2014 - The Bank of China (BOC) has denied accusations by state television that it helped clients evade limits on money transfers overseas, in a rare attack by the government broadcaster against a state-backed institution. In a report, China Central Television compared BOC to an "underground" bank, with a secretly filmed official shown telling a supposed client that the BOC could "launder" your mone ... more


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