Bank employees charged over Lehman Brothers deals

Two employees of Bank of China’s Hong Kong subsidiary were charged in connection with sales of financial products linked to collapsed Lehman Brothers.

Thousands of small Hong Kong investors complained they were misled about products linked to Lehman and were left in limbo when the Wall Street bank collapsed in 2008.

Beijing-based Bank of China said in a statement today that the two employees of Bank of China Hong Kong were charged under Hong Kong securities laws.

It said a third employee was arrested on March 26 but was not charged. The bank said it would cooperate with investigators.