Core Viewpoint - A significant fraud case involving 350 million yuan has resurfaced, with Everbright Bank's Changchun branch suing multiple defendants, including China Merchants Bank's Wuxi branch, for a total claim of 489 million yuan, which includes the principal and interest [2][15]. Group 1: Background of the Fraud Case - The fraud originated in 2013 when Liu Xiaoyi, the owner of a company, sought a 350 million yuan loan from Everbright Bank but was initially denied due to qualification issues [16][19]. - In May 2014, an employee from Everbright Bank facilitated the loan through a complex scheme involving China Merchants Bank and other financial institutions, ultimately leading to the funds being misappropriated [3][4]. Group 2: Legal Proceedings - Everbright Bank filed a lawsuit in 2015 against China Merchants Bank, seeking repayment of the 350 million yuan principal, along with interest and penalties [19][21]. - The first-instance court ruled in favor of Everbright Bank, stating that the agreements involved were invalid due to forgery, and ordered China Merchants Bank to repay the principal and interest [21][22]. - However, the Supreme Court later overturned this decision, ruling that the agreements were part of a criminal scheme and thus invalid, leading to the dismissal of Everbright Bank's claims [22][23]. Group 3: Recent Developments - In January 2026, Everbright Bank reinitiated legal action, expanding the list of defendants to include additional financial entities and individuals, claiming a total of 489 million yuan in damages [24][25]. - The case remains unresolved, with ongoing monitoring of its progress [25].