Friday, September 30, 2011

U.S. Justice Department probing Chinese accounting - Yahoo! News

"Shares of some Chinese companies listed in the United States fell on Thursday after Khuzami's statements became public.
Among them, Focus Media dived 18 percent, Sohu.com Inc closed 4.7 percent lower, Baidu Inc fell 9.2 percent, China Sky One Medical Inc declined 3.8 percent and Sina Corp ended down 9.7 percent.
The SEC has struggled to gain access to documents it needs in the investigation because strict Chinese laws have made auditors reluctant to turn them over."


Print Story: Exclusive: Justice Department probing Chinese accounting - Yahoo! News

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