The Chengdu branch of Shanghai Pudong Development Bank has been fined over a major loan fraud. Photo: Handout

Chinese bank fined over multibillion-dollar bad-debt cover-up

Shanghai Pudong Development Bank’s internal controls failed to flag a major fraud at it Chengdu branch, banking regulator says

Topic |   China economy

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The Chengdu branch of Shanghai Pudong Development Bank has been fined over a major loan fraud. Photo: Handout
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