One in 20 Employees of Bank of Communications got Punished

I guess Monday is China business day. As the Bank of Communications is on a mission to get investor’s money (they want to IPO) they are in the process of doing a “Window dressing” operation. Today there is the news that they “punished one in 20 of its employees last year for corruption and making bad loans”.(source: Bloomberg). They don’t exactly say what kind of punishments and I am sure they won’t put their hand in the fire to prove the other 19 are totally clean.

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