CHINA Everbright Bank Co Ltd, which received 20 billion yuan (US$2.6 billion) from the government on August 16 to bail out bad loans, has unearthed 10 illegal lending and fraud cases from the past three years.

Irregularities included fraud totaling 1.33 billion yuan and 1.19 million yuan in illegal loans that resulted in direct losses of nearly 64 million yuan, Tang Shuangning, chairman of China Everbright Group, said in a statement released on the company's Website. The cases were uncovered during an investigation of almost 600 employees, 104 of whom were reported to authorities.