Puda Coal
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Officials of Chinese Company Traded in the United States Charged with Siphoning Funds, Defrauding Investors
Ming Zhao, Chairman of Puda Coal, Inc. and Liping Zhu, its former CEO, were charged by the Securities and Exchange Commission with securities fraud for the theft of the company’s primary operating asset – its subsidiary, Shanxi Puda Coal Group Co. Ltd. According to the SEC complaint, Puda held an indirect 90 percent stake in […]
