VIDEO FOOTAGE: An assistant manager of CHB’s Dongguang branch is seen counting money and complaining about payments from a property appraisal firm being late
Taipei Times
Date: Jan 19, 2018
By: Ann Maxon / Staff reporter
A Chinese branch of Chang Hua Bank was yesterday accused by a New Power Party
Two men exchange money in a screenshot of security footage played at a news conference in Taipei held yesterday by New Power Party Executive Chairman Huang Kuo-chang. Photo: Peter Lo, Taipei Times
(NPP) lawmaker of collaborating with property appraisal firms to take kickbacks from customers applying for credit.
Yu Chih-jen (游志仁), the assistant manager of the bank’s branch in Dongguang, Guangdong Province, accepted some of the kickbacks, New Power Party (NPP) Executive Chairman Huang Kuo-chang (黃國昌) told a news conference at the party’s caucus office.
Shenzhen-based bicycle parts manufacturer Joy Ind (S.Z) in June last year applied for a credit line of 30 million yuan (US$4.67 million at the current exchange rate) with CHB’s Dongguang branch, he said.
Joy Ind hired two companies to appraise its real estate holdings and the bank approved a credit line based on the appraisal report, provided by Golden Ruler, that had a higher estimated value, he said. [FULL STORY]
