US charges 2 execs of China-based Puda with fraud – Reuters


FRANCE 24

US charges 2 execs of China-based Puda with fraud
Reuters
By Sarah N. Lynch and Aruna Viswanatha (Reuters) - US securities regulators charged two executives of China-based Puda Coal Inc with fraud, saying they led investors to invest in an empty shell company instead of an actual coal business.
PRESS RELEASE: SEC Charges China-Based Executives with Securities FraudWall Street Journal
Puda Coal Sinks 11 Percent in New York After SEC's Fraud ChargeBusinessWeek
SEC Charges Puda Coal's Chairman, Former CEO With Securities FraudWall Street Journal (India)

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