Monday, April 12, 2010

HK: BOC staff charged over Lehman sales

Two employees of the Bank of China were charged by the Hong Kong police over the sale of financial products related to Lehman Brothers, the bank said, while a third staff member had been arrested and released on bail.
Bank of China said in a statement Sunday that the staffers had been charged under a securities law that prohibits fraudulent or reckless misrepresentation for the purpose of inducing financial transactions.

http://dealbook.blogs.nytimes.com/2010/04/12/two-boc-staffers-charged-over-lehman-sales/