Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia

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Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia
Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia

Emerging risks | Growth opportunities | APAC insurance

Sunday, 6 July 2025
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Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia

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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.
Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia

Aaron Woolner

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Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud rein asia

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