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Caixin

China's top graft-buster reveals details of bribes schemes at ICBC

Former regional branch executives 'customized' rules for certain borrowers

The revelations add to evidence that China has strengthened its crackdown on the financial sector over the past few years.   © AP
GUO YINGZHE and WU XIAOMENG, Caixin | China

China's top anti-corruption agency has revealed details of how two bankers at the world's largest bank by assets meddled in loan approvals and skirted credit rules to illegally issue loans in exchange for bribes.

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