Friday, December 3, 2010

Eyewear Exec Gets 12 in Slammer

The Daily-NewsWire reports that “the former chairman of the listed eyewear company Moulin Global Eyecare Holdings Ma Baoji and his son Malie Jian were charged with inflating the balance sheet of the company and defraud the banks and investors. The father and son duo have caused a loss of about $4.5 billion dollars which is one of the worst financial scams in Hong Kong.”

No comments:

Post a Comment