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10/19/2006
More Chinese Financial Shenanigans
More Chinese Financial Shenanigans
Well OK, they are technically Taiwanese shenanigans - just bear with me, please...
Apparently investigators have raided the corporate offices as well as the homes of key executives of Chinatrust Financial Holdings. As issue is potentially suspect accounting relating to CFH's takover bid for Mega Holding (possible the best name ever). Several Chinatrust executives are also currently be held by authorities in relation to the investigation.
Mega Holding has a response up online regarding the ongoing investigation and you can read it here. The Chinatrust website is mum on the subject.
-- MDT
Apparently investigators have raided the corporate offices as well as the homes of key executives of Chinatrust Financial Holdings. As issue is potentially suspect accounting relating to CFH's takover bid for Mega Holding (possible the best name ever). Several Chinatrust executives are also currently be held by authorities in relation to the investigation.
Mega Holding has a response up online regarding the ongoing investigation and you can read it here. The Chinatrust website is mum on the subject.
-- MDT
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