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China Environment receives 41.7m yuan demand from ex-chairman's wife

China Environment has received a letter of demand from the wife of former executive chairman Huang Min seeking 47.1 million yuan.

The letter, sent by one Chen Fen Hua, is claiming the amount for Fujian Mintai Environmental Protection Co, a company for which Ms Chen is the legal representative. Ms Chen is also the spouse of Mr Huang.

The deadline for payment stipulated in the letter is Nov 22, said China Environment, an industrial waste gas treatment company.

China Environment said that it is assessing the basis and merits of the claims and will take appropriate action.

China Environment has reported Mr Huang to the Commercial Affairs Department, Singapore's white collar-crime investigation unit, related to certain receivables that have come under question. The company said in February that it was also reporting allegations of fraud regarding Mr Huang to authorities in China.

sentifi.com

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