Bank of China denies terror allegations

0 Comments | AFP, August, 2008

BEIJING (AFP) — Bank of China, one of the nation's big four state-owned commercial lenders, Wednesday denied it facilitated terrorism, responding to accusations in a US lawsuit filed by a group of Israelis.

"The accusations are baseless and do not make sense... The Bank of China will respond to the suit to clarify and ensure a correct understanding of the facts by going through the legal procedures," bank spokesman Wang Zhaowen said.

"(We) will reserve the right to lodge a counter-claim and other necessary legal actions. We believe the US court will make just rulings in accordance with the law and the facts," he said in a statement on the bank's website.

The bank said it had followed international and domestic financial terrorism and money-laundering...