ICBC's Madrid Branch Runs Normal
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The Madrid branch of China's biggest bank by market value, Industrial and Commercial Bank of China (ICBC), continues its businesses as usual after the reported raid by Spanish law enforcers, an ICBC official told Xinhua on Saturday.

The Madrid offices are cooperating with the local police on the investigation of a money laundering case. People should not deduce the bank was guilty since the local court is still making investigations and yet to reach a conclusion, said the official, adding that ICBC reserved the right to take legal actions against malicious slanderers.

The bank told its Madrid branch to cooperate with the investigation, while hiring lawyers to protect the lawful rights and interests of the bank and the staff.

The bank has always stuck to doing businesses according to laws and regulations, in China and overseas areas, including anti-money laundering rules, said the official.

The ICBC Madrid branch informed the Chinese Embassy in Spain that the bank used the latest anti-money laundering system provided by Spanish authorities to control capital, the embassy said in a statement on Friday.

China on Thursday asked the Spanish side to guarantee the legitimate rights of Chinese companies and personnel in Spain after Wednesday's raid.

Author： 　　　Source：CRI　　　 Editor：Yang Fan