Yahoo accused of mismanaging funds meant for Chinese dissidents


  • World
  • Wednesday, 12 Apr 2017

A photo illustration shows a Yahoo logo on a smartphone in front of a displayed cyber code and keyboard on December 15, 2016. REUTERS/Dado Ruvic/File Illustration

(Reuters) - Yahoo Inc has been hit with a lawsuit saying it failed to safeguard more than $17 million (13.70 million pounds) it pledged to help jailed Chinese dissidents in a 2007 settlement.

The lawsuit, filed on Tuesday in federal court in Washington by a group of Chinese dissidents, accuses Yahoo of "willfully turning a blind eye" while Harry Wu, a high-profile political activist charged with administering the funds, used them for personal gain.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Death toll from Kenya floods rises to 228
On Orthodox Easter, Zelenskiy calls on Ukrainians to unite in prayer
Russia blames Baltic countries for the severing of most ties
Panamanians vote in crowded field of presidential contenders
Putin attends Easter service led by head of Russia's Orthodox Church
Fake videos of Modi aides trigger political showdown in India election
Australian police shoot boy dead after stabbing with 'hallmarks' of terrorism
Togo ruling party wins sweeping majority in legislative poll, final provisional results show
Dead bodies in Mexico most probably are missing U.S., Australian surfers
Roundup: Tanzania battles devastating floods triggered by torrential rains

Others Also Read