Bank investigating China port irregularities

Jun 04, 2014 | 05:52 PM | Andrea Hotter

Tags  Standard Bank, Qingdao port, China probe, copper, aluminum, warehouse probe, London Metal Exchange, Andrea Hotter

NEW YORK — Standard Bank Group has commenced investigations into potential irregularities regarding stocks of metal held in bonded warehouses at the Chinese port of Qingdao, a company spokesman said.

Port authorities in Qingdao have blocked shipments of some metals while they probe alleged fraudulent documentation (amm.com, June 2), although shipments of iron ore have been said to be largely unaffected by the investigation (amm.com, June 3).....





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