Chao Chi Group, a leading company in the leasing and management industry, is under investigation by prosecutors for a corporate bond repayment issue. On July 7, the Northern District Prosecutors Office directed a multi-path search at Beijixing Station and took the former chairman of Chao Chi Group, Li Jiancheng, for questioning. Li is expected to be re-interrogated by the prosecutors office after cooperating with the investigation at Beijixing Station. The prosecutors office is investigating the flow of investment funds and the actual use of funds in related companies of Chao Chi Group, as well as whether related personnel are involved in illegal activities.
FACT BOX
- Source: PR Times
- Category: Survey