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China's state TV accuses central bank of money laundering
China's state broadcaster, CCTV, has accused the Bank of China of money laundering, in a rare attack on one of the country's biggest state-owned enterprises. It prompted an immediate denial. The bank said the scheme was a legitimate pilot project and described the television report as "inaccurate and potentially misleading". CCTV has criticised both foreign and domestic companies, including well-known brands such as Apple and Starbucks, but has rarely pursued major state enterprises. Its 20-minute investigative package was quickly reported by other mainstream news media in China. Under China's strict controls, ... (full story)