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Yahoo sued over squandered US$17m fund created for Chinese dissidents
Activists accuse Yahoo of not reigning in profligate spending by the fund's manager
Add BT as a preferred sourcePublished Wed, Apr 12, 2017 · 09:50 PM
Silicon Valley
A GROUP of Chinese political activists filed a lawsuit in federal court against Yahoo on Tuesday, saying the company failed to properly oversee a US$17 million fund it created a decade ago to help Chinese writers, democracy advocates and human rights lawyers persecuted for standing up to the country's government.
The lawsuit accuses Yahoo senior executives of turning a blind eye as the fund's manager Harry Wu illegally spent millions of dollars on high-end real estate, inflated staff salaries and a museum documenting the history of forced labour camps in China.
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