The former licensee offered to invest for two students he taught, and then misappropriated their funds for his personal use.
December 7, 2021The FSC has also fined Optimus and ordered board member removals, over "numerous counts of violations and inappropriate fund management activities".
November 26, 2021Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China's first ever class action against corporate fraud.
November 18, 2021The CBIRC's Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.
October 29, 2021The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.
August 30, 2021The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.
August 8, 2021The Malaysian government and 1MDB filed a $5.64bn lawsuit against 44 current and former KPMG partners over the firm's audits of 1MDB’s financial statements.
July 14, 2021Xu Zhen has been expelled from the CCP for borrowing large sums of money using the SCH’s management services and accepting bribes.
June 30, 2021Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021A new fund management company is being set up to take over and manage funds previously operated by Optimus Asset Management.
June 29, 2021