Banking

The attorney agent of Dongbei Express got the written judgment from Supreme Court, the Songhe street branch of Bank of China has to pay Dongbei Express 0.29 billion Yuan and interests within 10 days after they recieve the witten judgment.

Details of this case

In January 2005, Dongbei Express LTD. found their 0.29 billion saving in Songhe street branch of Bank of China is gone. That unveil the catase, Gao Shan, former president of Songhe street branch of Bank of China abscond to Canada with several hundred million yuan.

On the 26th January 2005, the spokesman of Bank of China's headquarter, Wang Zhaowen, confirmed that 0.29 billion yuan in one deposit accout of Bank of China was gone. Its former branch president, Gao Shan,was suspected to be involved in Crime of Financial Fraud, running out of China. Till now this case is under trial for 2years. 

The former president of Songhe street branch of Bank of China, Gao Shan, was taken in costedy by Canada police sience the 16 February 2007 for providing fake personal information. It is said that Gao Shan is under the hearing before sent back to China.

Yesterday the stock of St. Dongbei Express soared to daily limit-up, 5%.