A private banker at Standard Chartered has been arrested in
China over allegations against a wealthy client.
Wu Yidian Eden has allegedly been detained, according to her
fiancé, for withholding information from Chinese police over the
whereabouts of a client whom media reports said was accused of
stealing money from a state-owned bank.
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A spokesman for Standard Chartered said that as there was an
ongoing investigation they could provide no further details other
than to say that the bank was not being investigated.
The spokesman said that the bank is liasing with the family and
providing them support.
The case highlights the risks private bankers in China face
where wealth may be gained through corruption and where prominent
citizens who oppose policies may run foul of the authorities.
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