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Xunlei sues former CEO Chen Lei, accusing him of embezzling company funds for illegal cryptocurrency trading

Summary: According to reports from The Paper, Xunlei Corporation (Nasdaq: XNET) has filed a lawsuit against former CEO Chen Lei and his core team, alleging infringement of company interests and seeking up to 200 million yuan in damages. The case has been accepted by a relevant court in Shenzhen. Chen Lei is also accused of embezzling ...

According to reports from The Paper, Xunlei Corporation (Nasdaq: XNET) has filed a lawsuit against former CEO Chen Lei and his core team, alleging infringement of company interests and seeking up to 200 million yuan in damages. The case has been accepted by a relevant court in Shenzhen. Chen Lei is also accused of embezzling tens of millions of company funds for illegal cryptocurrency trading, which is prohibited by the government. To evade investigation, Chen Lei left the country in early April 2020.

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Link: Xunlei sues former CEO Chen Lei, accusing him of embezzling company funds for illegal cryptocurrency trading [Copy]

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