Shocking? Surprising? Not. Authorities
in China have arrested, harassed or investigated researchers looking into
possible fraud by Chinese companies traded on American stock exchanges, the
Tribune-Review has learned.
Two major American promoters of Chinese stock -- New York
Global Group and Global Hunter Securities -- say the Chinese Ministry of State
Security has arrested investigators that U.S. firms hired to verify information
about companies in the People's Republic of China. The fate of those arrested
is unknown.
Their allegations about law enforcement actions toward
researchers are supported by at least one Chinese mining company, Silvercorp
Metals Inc., which reported that U.S.-led researchers have questioned its
accounting books.
Two American hedge funds, Absaroka Capital Management LLC
and EOS Holdings LLC, also reported their researchers in China were arrested
and/or threatened with death by thugs, police or both. The status of the
Absaroka researchers is uncertain; three EOS workers were arrested and detained
for five days. Though all three were released, two of them are under
government-imposed travel restrictions.
http://triblive.com/home/1944315-74/chinese-china-shan-american-arrested-companies-researchers-company-global-hedge
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