The East Money Financial Fraud case accountability has been escalated: the current Chairman and General Manager are under criminal investigation.
The delisting of listed companies due to financial fraud is not the end of the matter. In addition to administrative penalties, follow-up procedures such as criminal accountability and civil claims are also being pursued, as exemplified by R Dongfang Tong. Several informed sources have indicated that the current chairman and general manager of Dongfang Tong, Qu Tao, who is also a "post-70s" individual, has been subjected to criminal coercive measures for about half a month, with the company not having issued any relevant announcements at present.
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