# Medical Insurance Fraud

Cloudy Vision: China’s ‘Eye King’ Faces $72 Million Tax Bill on the Eve of Hong Kong IPO

Aier Eye Hospital, China's largest private ophthalmology chain, has been hit with a 524 million yuan tax penalty just as it prepares for a Hong Kong IPO. The company is grappling with its first profit decline in 17 years and mounting scrutiny over its aggressive acquisition strategy and controversial 'charity-based' business model.