The reputed Chinese magazine Caixin stated on January 22, 2016, that Police and regulators are investigating two junior employees at the Agricultural Bank of China, China’s third-largest bank, who allegedly embezzled Rmb 3.8bn (US$ 578 million) to invest in the once-booming stock market. It said Liu Shiyu, Chairman of the Agricultural Bank of China is “furious” over a lapse in internal controls that allegedly allowed employees at its Beijing branch to illegally obtain cash through bankers acceptances.