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China's top auditor says major state banks have committed tax evasion or lending violations

Newseze Wire·Fri, Jun 26, 3:48 AMWire: Channel News Asia
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China's top auditor says major state banks have committed tax evasion or lending violations

Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects, says China's top audit body.

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Bank of China evaded paying 2.4 billion yuan (US$352 million) in tax while Agricultural Bank of China illegally issued 11 billion yuan in loans to farmland projects, says China's top audit body. The story falls into Newseze's world desk and is being actively tracked by our editorial team. Calm framing, primary-source references, and respectful tone — every Newseze story is scored for drama and conspiracy before it reaches you. Worth knowing: Newseze refreshes its newsroom every hour and flags fast-moving local and breaking news as it develops. Watch this page for updates. Reporting: Channel News Asia.
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