Commonwealth Bank's story of profit growth in Asia - which is driven by investments in Indonesia and China - continues to be hampered by the little discussed fraud in 2010 at Qilu Bank, in which CBA holds a 20 per cent stake.
CBA said its equity-accounted profits from associates in Asia "was partially offset by a lower contribution to earnings from Qilu Bank as a result of the ongoing impact of a prior year fraud incident."
The impact of this incident (reprised in this February 2012...
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