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Former CFO charged with market manipulation and fraud – 11 June 2020

ASIC alleges that, Mr Wu (former chief financial officer of Traditional Therapy Clinics Limited) carried out multiple share transactions for the purpose of creating an artificial price for shares on the ASX. ASIC also alleges Mr Wu dishonestly obtained loans worth more than half a million dollars from the CBA for personal property purchases, providing falsified documents to support his loan applications.

https://www.investordaily.com.au/regulation/47249-former-cfo-charged-with-market-manipulation-and-fraud