Reuters reported that police today detained Chairman Zheng Junhuai, Chief Financial Officer Zhang Xianzhu and Securities Representative Li Yongping of dairy giant Inner Mongolia Yili Industrial Group, though no explanation was given. News that the company was being investigated sent the Shanghai-listed stock plunging 10% as soon as the market opened Monday. A South China Morning Post report said Yili was possibly being investigated for allegedly concealing losses incurred in trading treasury bonds.
Dairy leader under investigation
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