How Kingold Jewelry's fake gold bars slipped through scrutiny in one of China's biggest loan scams
Scandal involving Nasdaq-listed Kingold Jewelry has raised alarm bells as ‘gilded copper bars’ were passed off as solid gold and used as collateral for US$2.8 billion of loans.
First published in 1903, South China Morning Post is Hong Kong’s premier English language newspaper and has the city’s most affluent and influential readership. With a reputation for authoritative, influential and independent reporting on Hong Kong and China. The newspaper is supported with its online publication and its Sunday edition, Sunday Morning Post.
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Cover Story: The Mystery of $2 Billion of Loans Backed by Fake
