Express

Former Xunlei CEO Suspected Of Embezzling Tens Of Millions Of Funds For Crypto Investment

Tracy CHEN

Summary: According to a report of China Star Market on October 9, Xunlei issued an announcement that its former CEO CHEN Lei and other company members were suspected of embezzlement, which were investigated by Shenzhen Public Security Bureau.The reporter learned from people familiar with the matter that CHEN Lei's suspected crimes include: embezzling company assets by ...

According to a report of China Star Market on October 9, Xunlei issued an announcement that its former CEO CHEN Lei and other company members were suspected of embezzlement, which were investigated by Shenzhen Public Security Bureau.
The reporter learned from people familiar with the matter that CHEN Lei's suspected crimes include: embezzling company assets by falsified transactions; making false contracts to obtain company funds; and embezzling tens of millions of company funds for illegal crypto investment prohibited in China.

Tracy Chen