Le.com and Jia Yueting Are Fined 481 Million Yuan ($73 Million) for Financial Fraud
On Monday, Chinese streaming video service Le.com reported that the China Securities Regulatory Commission (CSRC) had fined the company 240 million yuan ($37 million) for a financial fraud running from 2007 to 2016. Jia Yueting, the co-founder and head of Le.com, was also fined 241 million yuan ($36.8 million).
The investigation found that t…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.