Two employees of Bank of China have been charged by Hong Kong police over the sale of structured products linked to Lehman Brothers that turned sour when the US investment bank collapsed in 2008.
The case is a rare example of criminal proceedings stemming from the billions of dollars of losses suffered by retail investors in Hong Kong following Lehman's demise.
The two were charged with violating a securities law that prohibits fraudulent or reckless misrepresentation to induce others to invest money, said BoC's Hong Kong subsidiary.
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