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March 16, 2012updated 04 Apr 2017 3:42pm

StanChart banker arrested in China

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 fianc, 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. 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.

By Thomas McMahon

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.

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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