By editor
Originally published on Tue June 19, 2012 8:48 am
Transcript
STEVE INSKEEP, HOST:
And today's last word business is about a bank takeover that was more of a fake over. Businessman Li Chunping made headlines in China earlier this year. He spoke in the Chinese media of how he took over an American bank - the Atlantic Bank of Delaware, which he said went bankrupt in 2008.
LINDA WERTHEIMER, HOST:
The story got him plenty of public praise. The communist party touted him as a model citizen, rising from poverty to be a successful businessman in the rice trade. He even got a position as a government adviser.
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