Shanghai Pudong Development Bank’s Chengdu branch has been given a 462 million yuan (US$72 million) penalty by the state banking regulator, following revelations of a large-scale shell company fraud, the SCMP reports.
Chinese bank receives fine for fraudulent lending scandal
![Chinese bank receives fine for fraudulent lending scandal]()
Reviewed by Shahid Karimi
on
January 24, 2018
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