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.

Share

Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud
Vesttoos interim ceo alleges former executives played central role in 4bn letter of credit fraud
Get people moves , key regional updates , growth opportunities , emerging risks , data journalism , in-depth analysis , exclusive features , APAC insurance Delivered to your inbox
Get your free daily brief

Modal Title

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

Key APAC insurance developments – delivered free each weekday.

THIS PREMIUM INSIGHT IS FOR SUBSCRIBERS ONLY.


Stay ahead with precise, independent journalism of APAC's insurance markets.

Unlocked access today:

Already subscribed? Log in here

Read next

Share this article