Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2013
U.S. conspiracy and fraud-related case involving former executives
Former CEO Loretta Fredy Bush and former board members Shelly S. Singhal and Dennis L. Pelino were charged and sentenced for conspiracy to impede the lawful functions of the Internal Revenue Service. The matter was described as connected to allegations of a conspiracy to defraud the U.S. Securities and Exchange Commission and Xinhua Finance.
2011
Xinhua Finance Media NASDAQ delisting
Xinhua Finance Media Ltd, a subsidiary that had traded on NASDAQ under XFML, was delisted in 2011 after a scandal. The supplied reference does not provide sufficient detail to characterize every allegation or procedural step behind the delisting.
2007
Ownership and Xinhua News Agency affiliation scrutiny
The company's ownership structure drew scrutiny because offshore companies and private-equity funds were used in the shareholder chain. Xinhua News Agency stated in 2007 that it had sold its interest and had no relationship with Xinhua Finance, distancing itself from the company.