Chinese firm Fuyao raided in US over alleged financial crimes and labour abuse

Category: Business

Special agents from multiple US law enforcement agencies are investigating Fuyao Glass America for allegations of financial crimes and labor exploitation. The investigation involves search warrants executed at the Fuyao plant in Ohio and other locations, focusing on money laundering and potential human smuggling. Fuyao confirmed cooperation with the investigation, which has raised concerns amid US-China tensions and could impact the upcoming presidential election.

Keywords: Fuyao Glass America, financial crimes, labor exploitation

Source: South China Morning Post

Update At: 7/28/2024

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