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Home invest in investing living frugal what to invest in 12.6B dollars in made-up cash holdings, Chinese traditional medicine company Kangmei Pharma gets slap on the wrist.

12.6B dollars in made-up cash holdings, Chinese traditional medicine company Kangmei Pharma gets slap on the wrist.

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https://sg.news.yahoo.com/brief-kangmei-pharmas-three-senior-121833570.html

https://finance.yahoo.com/quote/600518.SS/

12.6B dollars (88.7B RMB) accouting fraud in the past three years.

Maximum punishment: 900K RMB fine and lifetime ban for the boss couple. 600K RMB fine and admonishment for the company, fines and 10 year bans/admonishment for the execs.

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Honorable mention: Chinese teleco equipment maker with over 90% net profit margin whose boss promised to build the Nicaragua Canal. https://finance.yahoo.com/quote/600485.ss/



Submitted August 16, 2019 at 02:55PM by LALAOOP https://ift.tt/304Stnr
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