Perfect World (PWRD) Under U.S. Government Investigation

By on January 9, 2012

China-based Perfect World Co., Ltd. (PWRD) is under investigation by U.S. government regulatory agencies, according to the Street Insider.  Shares are down over 20%, as shareholders react to the news.

A Chinese finance website reported that the U.S. probe and a similar Chinese regulatory investigation are focusing on related party transactions made by the founder and CEO Chi Yufeng.

See also: Class action lawsuit filed against China-based Focus  Media Holdings Limited accusses company of overstating business prospects

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