Shanghai, China
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Shanghai Court Rules China E-Commerce Giant JD.com Not Liable to Pay China Wealth Manager Noah Holdings, JD.com Accusing Noah of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial, Shanghai Court Accepted Compensation Claims of $470 Million from Noah Subsidiaries Gopher Asset Management & $11 Million from Ziyan Car Rental Service Against Hong Kong-Based Camsing, Camsing Used False JD.com Documents & Caused Over $1.1 Billion of Losses, Camsing Chairman Lo Ching Had Been Sentenced to Jail for Life, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes

10th May 2024 | Hong Kong

Shanghai court has ruled China e-Commerce Giant JD.com not liable to pay China wealth manager Noah Holdings, with JD.com accusing Noah of engaging in malicious lawsuit & misleading public in $4.2 billion fraud during Shanghai court trial.   The Shanghai court accepted compensation claims of $470 million from Noah subsidiaries Gopher Asset Management and $11 million from Ziyan Car Rental Service against Hong Kong-based Camsing.  Camsing had used false JD.com documents & caused over $1.1 billion of losses, Camsing Chairman Lo Ching had been sentenced to jail for life, and Gopher Asset Management executive Fang Jianhua had also been sentenced to jail for accepting bribes.  

“ Shanghai Court Rules China E-Commerce Giant JD.com Not Liable to Pay China Wealth Manager Noah Holdings, JD.com Accusing Noah of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial, Shanghai Court Accepted Compensation Claims of $470 Million from Noah Subsidiaries Gopher Asset Management & $11 Million from Ziyan Car Rental Service Against Hong Kong-Based Camsing, Camsing Used False JD.com Documents & Caused Over $1.1 Billion of Losses, Camsing Chairman Lo Ching Had Been Sentenced to Jail for Life, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes “

 



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China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial , Noah Subsidiary Gopher Asset Management Provided Financing to Liu Jing with False JD.com Documents & Causing Over $1.1 Billion of Losses & was Sentenced to Life for Fraud, Gopher Asset Management Executive Fang Jianhua Sentenced to Jail for Accepting Bribes from Liu Jing

8th December 2023 – China e-commerce giant JD.com has accused China wealth manager Noah Holdings of engaging in a malicious lawsuit & misleading public in $4.2 billion fraud  (CNY 30 billion) during a Shanghai court trial.  Noah Holdings subsidiary Gopher Asset Management had provided financing to Liu Jing (providing Noah with false JD.com documents) & causing over $1.1 billion of losses, and was sentenced to life for fraud.  Gopher Asset Management Executive Fang Jianhua had also been sentenced to jail for accepting bribes from Liu Jing.  JD.com cited Noah Holdings had been involved in more than 10 similar incidents and had been warned & punished by authorities.

 

 

China E-Commerce Giant JD.com Accused China Wealth Manager Noah Holdings of Engaging in Malicious Lawsuit & Misleading Public in $4.2 Billion Fraud During Shanghai Court Trial

Shanghai, Chinashang



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