TWO employees at the Bank of China's Kunming branch had embezzled 25 million yuan (HK$28 million) in one of the largest fraud cases of last year, the People's Daily said yesterday. They falsified documents to create an account in the name of a third man and then used it to transfer funds to other banks, withdrew part of the money and fled to the border with Burma. They were arrested at the border in October. Two other men were arrested for involvement, including the man whose name was used to open the account, and another was being sought. In another case unveiled yesterday, the chief economist at the Bank of China's Hunan province branch was charged with accepting some US$23,000 to arrange a property loan.