China Construction Bank (CCB) is one of the biggest banks in China – if not the biggest. Little wonder why a smart local farmer tried mimicking the exact look of the state-owned bank as he established and operated a fake branch for over 1 month until he was busted.
This is a real picture of CCB:
Take a look at the fake branch:
The fake CCB branch in Lanling, Shandong was later raided by local police and the owner was arrested.
A first look at the entrance, message board detailing opening and closing hours or the banking hall would never give out any hint that the bank was a scam. The planning and execution of the fraud was really impressive.
The “bank” only offered deposit services, China News Service said.
According to Tencent News, the story came to light after a depositor, who put in RMB40,000 (about $6,500) last month, called the police after he could not take money out from his account.
In a similar development, back in January this year, a fake bank in Nanjing, Jiangsu fooled almost 200 people who gave away RMB200 million in deposits.
It was shut down after operating for more than a year. Four “executives” of the non-existent “Nanjing Xinmeng Rural Economic Cooperative” were held.