Skip to content
Brand AI

Agricultural Development Bank of China

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile3 entries

  1. 2024

    Agricultural Development Bank of China Gansu Branch Fined RMB 400,000 for Inadequate Pre-loan Investigation

    The Gansu Financial Regulatory Bureau determined that the Agricultural Development Bank of China Gansu Provincial Branch committed the illegal act of inadequate pre-loan investigation and fined it RMB 400,000. Progress: administrative penalty. Entity involved: Agricultural Development Bank of China Gansu Provincial Branch. Related scope: Agricultural Development Bank of China Gansu Provincial Branch.

    Source

  2. 2021

    Creditors oppose Luowa Group restructuring proposal

    Public backlash

    At a creditors’ meeting, multiple financial institutions and bondholders strongly opposed Luowa Group’s bankruptcy restructuring proposal, criticizing its proposed treatment of claims and questioning the company’s assets and the proposal’s feasibility. These are creditor allegations and objections, not established findings in the article.

    Source excerpt

    • 近期，围绕洛娃集团的破产重整草案，多家普通金融债权人反对态度强烈。
    • 《红周刊》记者获得的4月29日债权人会议纪要显示，多家机构要求成立债委会，并加强与资产评估机构、审计机构的沟通，以了解洛娃集团真实的资产状况。
    • 包括招商证券、农业发展银行、花旗国际、华融等金融机构均指出，洛娃在抽逃资产。
    Source

  3. 2014

    National Audit Office: Five Branches Improperly Disposed of Over RMB 1.4 Billion in Non-performing Loans

    The National Audit Office published audit results for the Agricultural Development Bank of China: five of its branches improperly disposed of more than RMB 1.4 billion in non-performing loans over six years, and there were also problems such as improper loan issuance and non-standard financial management. The National Audit Office transferred matters suspected of violating laws and discipline to relevant departments. The Agricultural Development Bank of China rectified the issues; in 2019, a central inspection also pointed out that its handling of violations and disciplinary problems in the credit field was inadequate.

    Source