Founder / Fangzheng Saga Continues

The latest on the Fangzheng (Founder Securities) story is a possible 1.9 billion misappropriation of state assets during a 2003 restructuring.

This story is generating headlines in China because Beijing University is tied to the company, and the media have really gone after this story, dubbing the four executives of Founder Securities the "financial gang of four."

iFeng: 方正4高管协助调查背后：03年改制疑涉国资流失19亿

Prior coverage: The Financial Gang of 4