Either the CEO did know, or he should have known. The bank's internal audit teams must have known (they would have reviewed staff activities as they always do for fraud, and the idea that they had missed this for many years isn't tenable)
So either the internal audit teams were instructed not to report these issues, or senior management ignored their reports.
Either the CEO did know, or he should have known. The bank's internal audit teams must have known (they would have reviewed staff activities as they always do for fraud, and the idea that they had missed this for many years isn't tenable)
So either the internal audit teams were instructed not to report these issues, or senior management ignored their reports.