Zhang Xinhua, the manger of Guangzhou-based Baiyun Nonggongshang United Co Ltd, is under investigation for accepting nearly $16 million in bribes and embezzling state assets worth $39 million. He allegedly sold state land and property to private investors in exchange for the bribes.… Continue Reading
Posts Tagged: Yang Hui
Last week, authorities made initial strikes in what some are calling an “enforcement storm” against illegal bond trading.
Zou Yu, a fund manager at Shanghai-based Wanjia Asset Management, was reportedly detained for suspected involvement in an illegal bond-trading scheme.… Continue Reading