Caixin
Dec 17, 2015 06:59 PM

Employees Say Investment Firm Forces Them to Buy Privately Offered Funds

(Shanghai) – An investment company recently scrutinized by the government for possible violations of fundraising law is now facing accusations from employees it is forcing them to buy funds a subsidiary manages or risk firing.

Many employees of Shanghai Shentong Holdings Group Co. Ltd. and its subsidiaries had been required to buy at least 1,000 yuan worth of the funds managed by Dada Group or be fired, people working in the company's offices in Shanghai and the provinces of Hebei, Sichuan and Shanxi told Caixin on December 15.

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