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April 13, 2021

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LeEco founder penalized

The Beijing Office of the China Securities Regulatory Commission has fined LeEco founder Jia Yueting 241 million yuan (US$36.8 million), the company said in a statement yesterday, in addition to the firm’s fine of 240 million yuan (US$36.6 million), for financial fraud from 2007 to 2016.




 

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