Scrutiny mounts on China's Luckin Coffee as market regulator inspects

), joining the country’s securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating millions of dollars worth of sales deals.

Dozens of officers from the State Administration for Market Regulation raided Luckin’s main office in Beijing on Sunday, staying there from morning to evening that day, a source with direct knowledge of the situation told Reuters. The China Securities Regulatory Commission announced earlier this month that it would investigate claims of fraud at Luckin after it announced an internal investigation had shown its chief operating officer and other employees fabricated sales deals worth about 2.2 billion yuan .

Chinese stock fraud? The heck you say. ROTFMAO. This has been ongoing for decades.

They are inspecting NOW? Little late, don‘t you think?

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

China's market regulator inspects Luckin CoffeeLuckin Coffee said on Monday China's State Administration for Market Regulation was carrying out work to understand the coffee chain's operating situation and added that it was actively cooperating. Bad regulator Boycott Chaina for Wohan Viruse. F-n Coffee
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Losses on Bank of China crude oil investment product could hit $1.3 billion: reportTotal losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than 9 billion yuan ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources. Never mind get the money trump owes you What is Hydroxychloroquine ? How does it work a against Covid_19 coronavirus While we are losing trillions on COVID-19.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »