60 bankers were involved in receiving kickbacks from local politicians. The Financial Supervisory Commission confirmed that it had received notifications from 13 banks and would report the investigation results before the end of June. (Photo by reporter Wang Menglun)
[Reporter Wang Menglun/Taipei Report] According to media reports, 60 bank clerks were suspected of collecting kickbacks from customers in the name of real estate mortgage setting business. The illegal amount exceeded one million yuan a year. They were recently investigated and investigated. Zhang Jiakui, deputy director of the Banking Bureau of the Financial Supervisory Commission, said today (18th) that he had received reports of major incidents from 13 banks. The case has now entered the judicial investigation process, and the banks will be required to conduct a "comprehensive investigation" and report on the follow-up handling within the deadline.
Zhang Jiakui said that he had received reports of major incidents from many private banks one after another. The inspection unit was investigating a local political firm for allegedly providing kickbacks to a number of bank business personnel, involving the agency business of setting up real estate mortgage rights. Therefore, it went to the relevant branches to investigate.
Zhang Jiakui pointed out that the case has now entered the judicial investigation stage, and a total of 13 banks have reported major incidents. According to relevant regulations on major incidents, banks must submit follow-up reports to the Financial Supervisory Commission within one week. The Financial Supervisory Commission is expected to receive relevant returns before June 29.
He emphasized that the bank's internal management regulations expressly prohibit bank employees from accepting any form of rebate commission. It is initially understood that this case is likely to be caused by individual employees' failure to comply with the bank's internal regulations, and is not an act permitted by the bank's system. However, the Financial Supervisory Commission has required banks to comprehensively review relevant cases, strengthen employee education and training and legal concepts, and maintain the reputation of the banking industry.
Regarding external concerns, how does the “rebate model” work? The Banking Bureau stated that the case is still under judicial investigation. Preliminary understanding suggests that the landowners may have provided some feedback to bank staff in exchange for business sources in order to obtain more real estate mortgage setting business. However, the actual cash flow, personnel involved and behavioral patterns still need to be confirmed by the results of judicial investigations and the bank’s internal inventory.
Regarding the scope of the bank's follow-up investigation, Zhang Jiakui pointed out that at this stage, we will first understand the cases handled by the bankers involved, including whether there are other similar cases; if necessary, the bank will be asked to expand the scope of the investigation. The outside world is also concerned about whether banking laws or internal control deficiencies are involved. He responded that it is still necessary to evaluate the subsequent handling method based on the actual circumstances of the case, investigation results and the content of the bank's report.
The Financial Supervisory Commission also stated that it will continue to supervise the implementation of internal control and behavioral management mechanisms by banks, and strengthen the ethical standards of financial practitioners through relevant guidelines on banking industry conduct and cultural management to avoid similar incidents from happening again.
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