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

Former regional branch executives 'customized' rules for certain borrowers

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.

An article published Tuesday on the website of the Central Commission for Discipline Inspection (CCDI) vividly describes the cases of Gu Guoming and Xie Ming, former executives at regional branches of Industrial and Commercial Bank of China (ICBC). The two were both put under corruption probes in 2019.

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