Sino-Forest chairman and CEO resigns amid fraud allegations

The move comes after Canadian regulators on Friday suspended the trading of Sino-Forest shares and said the company appears to have misrepresented some of its revenues and/or exaggerated its timber holdings.

Anette Jönsson

August 29, 2011

Allen Chan has resigned as chairman and CEO of Sino-Forest as the fallout from fraud allegations made in early June by short-selling specialist Carson Block of Muddy Waters Research continues to escalate.

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Disruption
North Asia

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#muddy waters
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