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#ChinaCapital: ICIJ’s newest global investigation with 23 media partners exposes how the world’s biggest bank, the Industrial and Commercial Bank of China, maneuvers behind closed doors to help Beijing achieve its geopolitical goals. www.icij.org/investigatio...

14/9/26, 10:27 pm15 reposts20 likes

ICIJ

@icij.org

14 Sept

With 4.8 million ICBC records, #ChinaCapital reveals the bank used its London branch as a financing hub for companies linked to sanctioned Russian and Belarusian business owners, autocrats accused of corruption and China’s political establishment. www.icij.org/investigatio...

icij.orgICBC serves firms linked to oligarchs, autocrats to push China’s agendaConfidential records reveal how ICBC’s London units courted high-risk clients to secure resources and alliances for Xi Jinping’s regime.

ICIJ

@icij.org

14 Sept

In the confidential documents, dated between 2005 and 2024, ICIJ found that ICBC stepped up to help Russian mining giant Norilsk Nickel, a company partly owned by sanctioned oligarchs aligned with the Kremlin, as Russia’s war in Ukraine raged. www.icij.org/investigatio...

icij.orgAbout the China Capital investigation - ICIJA global investigation by ICIJ lays bare the hidden playbook of one of China’s most powerful banks.

ICIJ

@icij.org

14 Sept

Other clients: a bank owned by the daughters of Azerbaijan’s authoritarian ruler; Angola’s state oil company, then controlled by cronies of dictator José Eduardo dos Santos; and a Chinese company that partnered with a Belarusian firm sanctioned by the EU for ties to Alexander Lukashenko’s regime.

ICIJ

@icij.org

14 Sept

ICBC's London branch continued to serve — and make exceptions for — high-risk clients even after authorities in more than a dozen countries expressed concerns about the bank’s compliance and anti-money laundering practices.