China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters
China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters
China economy

‘Star’ Chinese banker jailed for life for stealing US$400 million from clients in Ponzi scheme

  • Zhang Ying, the former head of a branch of China Minsheng Bank, sold clients fake wealth management products
  • The banker used the money to finance a lavish lifestyle, buying property in Beijing and a villa in the tropical city of Sanya

Topic |   China economy
China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters
China Minsheng Bank launched an internal investigation when it emerged the banker was selling fake investment products. Photo: Reuters
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