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Fraud allegations likely to continue
by hlk Tue 19 Jul 2011, 08:48
SINGAPORE: Allegations of fraud and accounting irregularities at Chinese companies are likely to continue for at least the near term and the accusations may hamper the firms' access to funds regardless of the claims' merit, Fitch Ratings said.
A string of fraud allegations against Chinese companies listed in North America, often made by investors shorting the stock involved, has sparked a recent sell-off in China-related equities. Reuters
A string of fraud allegations against Chinese companies listed in North America, often made by investors shorting the stock involved, has sparked a recent sell-off in China-related equities. Reuters
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