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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