Chinese bank sacks employees for graft.

(From Business Day (South Africa))

Chinese bank sacks employees for graft BEIJING The Agricultural Bank of China has sacked 64 employees and taken disciplinary action against nearly 1300 others after an audit found irregularities worth $6,45bn, state media reported yesterday.

Twenty-one of 1331 employees who face disciplinary action had been referred to judicial authorities, the Beijing Times reported.

Sixty-four people were fired and another 60 removed from their positions, including three provincial-level branch managers, the report said.

Another 14 people were demoted while the senior management teams of seven provincial branches had …