Fraud rampant at ICBC Pamela Pun Fraud at Industrial and Commercial Bank of China (ICBC), the country's largest lender, is rampant with staff and customers conspiring to obtain as much as 17 billion yuan (HK$16.03 billion) in illegal loans, an audit has found. The National Audit Office studied the books at the bank's headquarters in Beijing and just a handful of branches around the country. In a report to the Standing Committee of the National People's Congress, Auditor General Li Jinhua has listed numerous irregularities to secure money for land, property, cars and simply cash. In one case, at a...