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FUYAO GLASS INDUSTRY GROUP CO. (FIGIF)

6.68

0.00

(0.00%)

At close: January 23 at 7:00:00 PM EST

US special agents raid Chinese firm Fuyao Glass over 'financial crimes and labour abuse'

Hundreds of special agents from multiple US law enforcement agencies, including Homeland Security, Internal Revenue Service (IRS) Criminal Investigations and the Federal Bureau of Investigation served search warrants at the Fuyao plant in Moraine, Ohio and 27 other locations in the Dayton metropolitan area on Friday. "Special agents are on scene investigating allegations of financial crimes and labour exploitation," a statement from Homeland Security said.

South China Morning Post 7 months ago

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Fuyao Glass says Ohio unit not target of investigation after Homeland Security raids

Chinese automotive glass maker Fuyao Glass Industry Group said the United States government agencies searched its subsidiary on July 26 in Ohio as part of an ongoing investigation into a third-party labour services company. Fuyao Glass America Inc was not the target of the investigation, Fuyao quoted the U.S. authority as saying, in a filing to the Shanghai Stock Exchange. Local media earlier quoted a U.S. Homeland Security Investigations spokesperson as saying that their special agents are serving search warrants at Fuyao Glass's unit and 27 other locations as part of an investigation into "allegations of financial crimes and labour exploitation."

Reuters 7 months ago

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Performance Overview

Return	FIGIF	SSE Composite Index
YTD	0.00%	-1.04%
1-Year	-1.76%	+9.58%
3-Year	-1.76%	-4.72%