# Corporate Fraud

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.