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Bank of China manager detained for embezzlement
By Wang Qingchu |
May 15, 2012, Tuesday
|
Online Edition
Online Edition
A Bank of China manager in Panjin City, northeast China's Liaoning Province has been detained for embezzling 30.97 million yuan (US$4.90 million) from the bank.
Li Jun cajoled people into depositing money in the bank with a promise of high interest returns and then put their money in other bank accounts, today's China Youth Daily reported.
He allegedly embezzled the money to invest in property and pay debts to loan sharks.
One victim, Zhao Wen, deposited 10 million yuan in the bank in April and was promised to earn 180,000 yuan in interest one month later.
However, this month Zhao found there was only 1 yuan left in her bank account.
Li admitted that he borrowed her money for an emergency and pledged to return her money soon. Zhao called the police after Li disappeared.
Li was also found to forged documents and fabricated Zhao's signature. He asked Zhao to punch in password to help her check her balance but was actually transferring the money, the paper said.
The case is still under investigation.
Li Jun cajoled people into depositing money in the bank with a promise of high interest returns and then put their money in other bank accounts, today's China Youth Daily reported.
He allegedly embezzled the money to invest in property and pay debts to loan sharks.
One victim, Zhao Wen, deposited 10 million yuan in the bank in April and was promised to earn 180,000 yuan in interest one month later.
However, this month Zhao found there was only 1 yuan left in her bank account.
Li admitted that he borrowed her money for an emergency and pledged to return her money soon. Zhao called the police after Li disappeared.
Li was also found to forged documents and fabricated Zhao's signature. He asked Zhao to punch in password to help her check her balance but was actually transferring the money, the paper said.
The case is still under investigation.
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