We want our money back Protesters marching against Macau Chief Executive Fernando Chui Sai On’s decision to donate public money to a Chinese university during a rally. Protesters have urged the government to rescind a €13.5mil (RM61.6mil) donation from the Macao Foundation, a government organisation, to Jinan University. — EPA
SHANGHAI: The alleged mastermind of a scam which cost Chinese investors hundreds of millions of dollars lived in a penthouse flat featuring peacocks and fountains, reports said after he was paraded on television confessing.
Xu Qin, described as the “controller” of Zhongjin Asset Management and its linked companies, was among 35 executives and employees formally arrested last week in connection with the scheme, state-run Dragon Television reported at the weekend.
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