WASHINGTON, Sept 29 (Reuters) – A top securities regulator said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges.
“There are parts of the Justice Department that are actively engaged in this area,” said Robert Khuzami, director of enforcement at the Securities and Exchange Commission.
In an interview with Reuters this week, Khuzami revealed that a number of federal prosecutors around the country are looking into the issue, but declined to name them.
The involvement of the Justice Department adds investigative firepower to the SEC and the FBI, which are also probing Chinese accounting fraud. Full article