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Vesttoo’s Interim CEO alleges former executives played central role in $3.4bn letter of credit fraud

Four ex-executives at Vesttoo, alongside employees of China Construction Bank and Standard Chartered, have been implicated in a $3.4bn fraud scheme involving forged letters of credit, according to the firm's first interim bankruptcy report.
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September 8, 2023

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3 min read
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The Inaugural Recognising excellence in Asia's insurance industry Find out more Entries close
28 August
Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.