Bank probe

Costa Levante News - - SPANISH NEWS -

The Madrid branch of the In­dus­trial and Com­mer­cial Bank of China has been ac­cused of laun­der­ing hundreds of mil­lions of eu­ros.

Spain’s High Court con­firmed on Mon­day that the anti-cor­rup­tion pros­e­cu­tor is to in­ves­ti­gate ICBC’s Euro­pean head­quar­ters.

Seven ex­ec­u­tives were ar­rested in Fe­bru­ary 2016, in­clud­ing the branch man­ager and the gen­eral man­ager of ICBC’s Euro­pean di­vi­sion.

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