# Corporate Fraud
Latest news and articles about Corporate Fraud
Total: 6 articles found
The Auction of Ambition: Evergrande’s Former Second-in-Command Faces the Liquidation of His Guangzhou Crown Jewel
The luxury Guangzhou penthouse of former Evergrande President Xia Haijun is headed for a court-ordered auction with a starting price of 49.43 million RMB. Once China's highest-paid executive, Xia now faces a lifetime market ban and international asset freezes while reportedly residing in California.
Regulatory Reckoning: ST Qingyue Faces Forced Delisting Amid Massive Fraud Scandal
ST Qingyue faces a 173 million RMB fine and potential forced delisting after the CSRC uncovered major fraud in its IPO documents and financial reports. In response, the company's auditors and underwriters have established a compensation fund to mitigate losses for affected investors.
The Shadow Within: Greentown China Faces Allegations of Systematic Fraud and Illicit Lending
Greentown China is embroiled in a major scandal involving allegations of systemic fraud and the operation of an illicit 10-billion RMB shadow banking network. Local partners claim Greentown executives used shell companies to misappropriate listed funds for high-interest lending, leading to project failures across multiple provinces.
The Great Unraveling: Inside the Final Reckoning for Evergrande and Hui Ka Yan
Hui Ka Yan has faced trial in Shenzhen for a range of financial crimes as the liquidation of Evergrande’s massive $300 billion debt enters a critical phase. Liquidators are aggressively piercing offshore trusts and freezing global assets of the Hui family, signaling a new era of legal accountability for China's real estate tycoons.
A Bitter Aftertaste: China’s Braised Food Giant Juewei Faces Financial Ruin and Regulatory Reckoning
Juewei Food, China's leading braised snack chain, has reported its first annual loss since 2017 following a 342 million RMB tax penalty. The company is struggling with the closure of 5,000 stores and the fallout from a five-year revenue concealment scheme uncovered by regulators.
A Rude Awakening for China’s Mattress King: Inside the $14 Million Scandal at Xilinmen
Xilinmen Furniture is facing a major governance crisis after 100 million RMB was illegally transferred from a subsidiary's account, leading to a police investigation and a massive asset freeze. The incident highlights critical failures in internal controls and the risks of family-dominated management in one of China's leading consumer goods companies.