Wednesday, May 16, 2007

UPDATE 1-JPMorgan's China fund JV fires manager over probe

(Reuters) - "We have just been informed by regulatory authorities that they have started a formal investigation of our employee Tang Jian over investment irregularities," Shanghai-based China International Fund Management Co. said in a statement.

"Through our cooperation with regulators in the probe, we found Tang Jian is suspected of using insider information to engage in illicit investment activities," the statement said, quoting China International Chief Executive Mandy Wang.


Read more at Reuters.com Government Filings News

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