The judge asks prison for six detainees of Chinese bank ICBC

Five of the detainees were arrested last Wednesday, while on Friday the UCO stopped when it was head of the organization in Madrid.

The judge ordered unconditional prison to the general manager of the branch in Madrid, for the Deputy Director and the CEO of ICBC Europe and head in Spain.

Pursue investigations to determine the participation of the branch in the laundering of profits they obtained Chinese criminal organizations.

The operation began last Wednesday against laundering activities carried out by the Chinese bank ICBC in Madrid, it resulted in a total of six executives arrested. For them, the head of the court number 7 Parla (Madrid) has ordered prison, although three of them can avoid jail by paying bail of 100,000 euros.

According to sources of the investigation, the judge ordered unconditional prison to the general manager of the branch in Madrid, Liu Wei, deputy director for, Wang Xiuzhen, and the CEO of ICBC Europe and head of the bank in Spain, Liu Wang.

The head of retail banking department, Huang Jing Wang, and another officer, Dayan Li must pay bail of 100,000 euros if they want to go to prison.

Last Friday saw the sixth caution

The six directors of ICBC detainees, declared on Friday before the judge after having done on the premises of the Civil Guard.

Five of the detainees were arrested last Wednesday, while on Friday the UCO stopped when it was head of the organization in Madrid, Liu Wang, when the bank began operating in the capital in 2011. Now Wang was responsible European bank based in Luxembourg.

They laundered money from Chinese criminal organizations

Pursue investigations to determine the participation of the branch in the laundering of profits they obtained Chinese criminal organizations involved, among other crimes, smuggling and labor exploitation.

According to the Civil Guard, transferred their profits to China from ICBC accounts, the large commercial bank of China who was running as a "reliable" to its customers were Chinese or Spanish alternative, although clients are mainly companies.

Related eXtra/News asia banck china Chinese ICBC Europe news world