The recently exposed loan fraud case involving the 'Jiang Ma Real Estate Group' reveals vulnerabilities in bank internal control systems. This group not only collaborates with various builders to sell new constructions and second-hand houses, enabling them to earn commissions through inflated transaction amounts, but also assists homeowners in creating fraudulent financial documents to deceive banks.

According to prosecutors, 59 fraud loan cases have been uncovered, amounting to nearly $700 million. The methods used by this group include false AB contracts and counterfeit income statements, with insiders assisting in circumventing bank controls, demonstrating the complexity and professionalism of the fraud.

Headed by the late Liao Mei-ling ('Jiang Ma') and Jiang Zong-rong since 2015, this group has attracted members through seminars and investment talks. As investigations continue, it is suspected that more bank employees could be involved, potentially escalating the crisis.