Trade Official Arrested
From Reuters
PEKING —
A senior official in a state trading company in Wuhan, central China, has been arrested for selling $480,000 on the currency black market, the China Daily reported Friday.
The paper said the official obtained the dollars from his company under false pretenses and then sold them on the black market in the Shenzhen special economic zone bordering Hong Kong for a profit of over $300,000.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
