Skip to content
WorldBrand.AI

Kingenta controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

Back to profile1 entries

  1. 2022

    Cumulative revenue inflated by RMB 23.073 billion; actual controller banned from the market for life

    In 2022, the CSRC issued its final penalty over Kingenta's financial fraud, finding that from 2015 through the first half of 2018 the company had inflated cumulative revenue by RMB 23.073 billion through fictitious trades with no physical flow of goods, among other means. Those responsible were penalized, former actual controller Wan Lianbu was banned from the market for life, and investors' subsequent compensation claims were partially upheld by the courts.

    Source