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China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial , Noah Subsidiary Gopher Asset Management Provided Financing to Liu Jing with False JD.com Documents & Causing Over $1.1 Billion of Losses & was Sentenced to Life for Fraud, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes from Liu Jing
8th December 2023 | Hong Kong
China e-commerce giant JD.com has accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud (CNY 30 billion) during a Shanghai court trial. Noah Holdings subsidiary Gopher Asset Management had provided financing to Liu Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud. Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Liu Jing. JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.
“ China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial, Noah Subsidiary Gopher Asset Management Provided Financing to Liu Jing with False JD.com Documents & Causing Over $1.1 Billion of Losses & was Sentenced to Life for Fraud, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes from Liu Jing “
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China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial
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