by Lower West »
18 Mar 2023 20:33
18 Mar 2023 20:33
Walked out 18 months ago. Vowing never to return until Dai is banished and exposed for the arrogant, egotist individual he is.
The smell I fear is getting even worse. May well be connected to Novembers payroll going unpaid. Until another source of funds was found ( Dai's sister? )
06:12 AM EST, 12/12/2022 -- China Dili (HKG:1387) hired Grant Thornton Advisory Services to conduct an independent forensic investigation into two onshore overdue bank loans.
In October, the agricultural products company received two litigation claims in China, where the defendants are seeking approximately 1.15 billion yuan. Third-party companies and a controlling shareholder, Dai Yongge, borrowed the said loans.
The company requested to suspend all trading on Oct. 28 in relation to the litigation, according to a Monday filing.
The shares of the Company remain currently suspended.
The EFL must be aware of this. Might explain the silence. If the matter is ongoing. Makes you wonder if the £140k in question is just part of a much larger fraud conducted by Dai. Might be a billionaire on paper. But his foray into UK football couldn't have come at a worse time business wise and from a perspective of RFC achieving promotion.