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Bank of China fraud: Italy seeks trial for 300 people [Copy link] 中文

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Post time 2015-6-21 20:01:01 |Display all floors

[size=1.6]Italian prosecutors want to indict the Bank of China's Milan branch and almost 300 people over a money-laundering scheme.

[size=1.6]Prosecutors in Florence allege €4.5bn ($5.1bn, £3.2bn) was transferred from Italy to China.

[size=1.6]It was earned through prostitution, counterfeiting, tax evasion and labour exploitation, they say.

[size=1.6]The Ansa agency said (in Italian) that four senior managers with the Bank of China could be indicted.

[size=1.6]Close to half the €4.5bn, transferred between 2007 and 2010, went through the bank's branch in Milan, investigators say.

[size=1.6]The Bank of China received €758,000 in commission for the transfers, it is claimed.

[size=1.6]There were millions of transactions, Ansa said, that were below the €2,000 threshold that would have triggered money-laundering checks.

[size=1.6]That threshold has since dropped to €1,000.

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Post time 2015-6-22 17:43:47 |Display all floors
I thought there is a fight against corruption going on in China ???

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Post time 2015-6-22 21:23:43 |Display all floors
This story has a lot of "Salt & Pepper".

But unfortunately it is not good for China's image in the world.

The China-Fan-Club seem to ignore this post and is trying to avoid it.

Understandable of course.

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Post time 2015-6-22 22:42:19 |Display all floors
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Post time 2015-6-22 22:43:46 |Display all floors
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Post time 2015-6-23 01:47:03 |Display all floors
Kbay Post time: 2015-6-22 18:54
Italy is a lawless land, you sun bathing snake!

Was their pension-age PM Silvio Berlusconi locked  ...

Communist Inter supporter

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Post time 2015-6-23 03:10:58 |Display all floors
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   NEVER AGAIN  !

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