Chinese fishing giant Pingtan is refuting allegations published on blog Aurelius Value, which suggested the company is engaged in fraudulent and illegal activities.
The blog entry, titled 'Pingtan Marine: A Fraud That Finances Human Trafficking and Poaching,' claimed findings of a report "demonstrate that Pingtan has engaged in fraudulent and illegal activities that conceal the reality that its shares likely have zero value.
"Instead, most of the value appears to have already been transferred for the benefit of Pingtan’s chairman and his family," the post stated.
“The
