BRIEF-China Minsheng Banking says Beijing branch of co found that Zhang Ying defrauded customers of funds

April 28 (Reuters) - China Minsheng Banking Corp Ltd

-

* Beijing branch of company surveyed and found that zhang

ying, president of hangtianqiao sub- branch, defrauded customers

of their funds

* Immediately reported incident to police department, and

police department took zhang ying away to assist with

investigation

* China minsheng banking corp ltd - police detained zhang

ying on 14 april, and formally initiated an investigation.

* Amount involved in this case is approximately rmb1.65

billion, and initial estimated amount involved will not exceed

number reported by media and involves over 150 customers

* In addition to Zhang Ying, certain other individual

employees of sub-branch are now subject to police investigation

* Co in collaboration with police department, has frozen

accounts involved, and seized a part of cash, property and goods

of suspects

* China minsheng banking corp ltd - it should be

specifically noted that hangtianqiao sub- branch case in not

engaged in bills business

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