Latest news and articles about 3.5 billion RMB
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A forged corporate seal and a multi‑layered interbank channel enabled the disappearance of Rmb3.5bn in a loan scheme that implicated multiple banks and asset managers. Criminal convictions followed, but a Supreme People’s Court ruling that the deposit was part of an illegal collusion left the originating bank to absorb the loss and restart litigation against several counterparties seeking partial recovery.
