A legal source familiar with the case said ICBC could file an appeal to contest the judge’s decisions. Industrial and Commercial Bank of China (ICBC) is urging Spanish authorities to release three of its workers being held in jail whilst under investigation for money laundering; the Spanish judge granted bail to only three of the six members of staff detained following a raid on ICBC's Madrid offices. The bank has been accused by anti-corruption campaigners of using tax havens as an excuse to avoid paying taxes or other obligations owed to Spain.
Industrial and Commercial Bank of China (ICBC) is urging Spanish authorities to release three of its workers being held in jail whilst under investigation for money laundering; the Spanish judge granted bail to only three of the six members of staff detained following a raid on ICBC's Madrid offices. The bank has been accused by anti-corruption campaigners of using tax havens as an excuse to avoid paying taxes or other obligations owed to Spain.