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  • 2 Post By traineeinvestor
  • 2 Post By Cheeky Kiwi
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RMD 61.5 billion is a lot of (alleged) embezzlement

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  1. #1

    RMD 61.5 billion is a lot of (alleged) embezzlement

    My faith in MSM reporting lower than Donald Trump's approval rating but this still sounds like a hell of a lot of money that ended up in places it wasn't supposed to:

    3 HNA's Units Listed in CN Reveal RMB61.5B Embezzlements AASTOCKS Financial News - Top News

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  2. #2

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    Am surprised it's not more actually.

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  3. #3

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    Indeed .. its HNA ...


  4. #4

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    No surprise really if you look at the shenanigans going on at HNA-owned HK airlines as the shareholders there battle for control with accusations embezzelment thrown about. That is only a symptom of the bigger issues of the larger HNA group, which is fast becoming another cautionary tale of the sorry state of (non-existent) corporate governance for mainland firms.

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  5. #5

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    it was supposedly some chain of companies set up to 'transfer' money around.. likely out of china.. so what's so unexpected...


  6. #6

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    Quote Originally Posted by freeier:
    it was supposedly some chain of companies set up to 'transfer' money around.. likely out of china.. so what's so unexpected...
    true but the amounts are still quite staggering. makes you wonder what is going on at other state owned companies up north

  7. #7

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    Makes you wonder where all the GDP growth supposedly comes from

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  8. #8

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    Original Post Deleted
    With some fintech characteristics...