WASHINGTON (Reuters) - U.S. securities regulators on Wednesday charged a former Morgan Stanley executive with fraud in connection with real estate investments in China. Morgan Stanley's former managing director in its real estate investment and fund advisory business, Garth Peterson, secretly acquired millions of dollars worth of real estate investments for himself and an influential Chinese official, the Securities and Exchange Commission said. The Justice Department filed related criminal charges, the SEC said. (Reporting By Aruna Viswanatha; Editing by Gary Hill)
A former Morgan Stanley executive settled with U.S. securities regulators in connection with real estate investments in China and prosecutors have filed a related criminal case, the Securities and Exchange ...
WASHINGTON – Regulators on Monday charged the Chinese affiliates of five top accounting firms with violating securities laws, alleging they refused to produce audit documents in connection with accounting fraud investigations into Chinese companies.
The Securities and Exchange Commission began proceedings against the Chinese units of Deloitte & Touche; Ernst & Young; KPMG; PricewaterhouseCoopers and BDO.
TORONTO — The Canada Pension Plan Investment Board said on Tuesday it will invest $250 million in the Chinese real estate market through a new venture with China Vanke Co Ltd, the nation’s largest residential developer.
The pension fund manager said the venture, which marks its first substantial real estate investment in the country since a small foray back in 2008, will focus on residential development projects in large cities across China, starting in the city of Qingdao in the Shandong Province.