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Apr.24 - The Agricultural Bank of China on Monday announced the dismissal of a number of senior officials and employees in the wake of one of the country's biggest-ever cash thefts totaling 51 million yuan.
The bank demanded the resignation of Qu Jianyao, the president of ABC's Hebei Province branch, and fired his two vice1 presidents. All the employees in the cash management center at the branch in Handan, Hebei Province, where the massive theft took place have been suspended during the ongoing2 investigation3. Police last week arrested the two suspects -- Ren Xiaofeng, 34, and Ma Xiangjing, 37 -- for the theft from the vault4, which was discovered on April 14. The duo, who worked for the cash center, said they had been stealing the cash for more than a month to buy lottery5 tickets, hoping to make a fortune and return the money.
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