A couple of the Chinese bosses seem to have hoofed it, along with most of the company's money
BBC News - Bosses and cash vanish at shoe firm Ultrasonic
One way to beat the taxman I suppose
BBC News - Bosses and cash vanish at shoe firm Ultrasonic
Chinese footwear firm Ultrasonic has announced the disappearance of its chief executive and chief operating officer, along with most of its cash.
The firm, which is listed in Germany, said that both the men, Qingyong Wu and Minghong Wu, had "apparently left their homes and are not traceable".
At the same time, its cash reserves in China and Hong Kong had been transferred and were "no longer in the company's range of influence".
The firm, which is listed in Germany, said that both the men, Qingyong Wu and Minghong Wu, had "apparently left their homes and are not traceable".
At the same time, its cash reserves in China and Hong Kong had been transferred and were "no longer in the company's range of influence".