Banque Industrielle de Chine

The Banque Industrielle de Chine or Industrial Bank of China was chartered in 1913 and went bankrupt in 1922. Its Chinese office was in Shanghai and its European office in Paris. Its Chief Director was A.J. Pernotte, who was sentenced to three years' imprisonment for his part in the bankruptcy.

Philippe Berthelot whose brother André had lost vast sums trading in Chinese bonds was forced to resign from office when it was revealed that he had secretly lobbied for a bailout by sending telegrams on behalf of the President of the Council without his knowledge. He and Prime Minister Briand (who had supported the bailout) were excluded from public office for a decade following the scandal.

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