unless the banks also collude, the auditor confirm the cash was...

unless the banks also collude, the auditor confirm the cash was there in the bank at time of auditing.

the managing director would need to realise that if he fabricate the cash held in bank and suddendly the cash is no longer there, he’ll be charge with embezzelment... to make up for the missing balance, chinese police would need to confiscate his assets (in this case shares)

it would have been better for the md to report smaller profit and pocket the different. rather than report huge fake profit, in the hope that his family can flog off their shares at higher price, looking at the price sold. the father flog off the shares at 3.5 cents, not exactly at a high price.

also, recent EGM result indicate those 100 mil shares, transfer by the father, did not vote.. clearly something is not right.. perhaps those shares never got re-sold into the market? and more like transfer to settle a gambling bet.