News Snapshot:
China Mobile Sues Former Exec Who Fled to Canada, Bought Homes in Vancouver China Mobile has filed a lawsuit against former executive Li Xiangdong, accusing him of fraudulent schemes that cost the company about 400 million yuan (US$63 million), the South China Morning Post is reporting. The telecoms giant claims that Xiangdong and his wife, who fled to Canada in 2010 amid an investigation into alleged fraud, used some of that money to buy real estate in Vancouver. The allegations have, however, not been proven and have not yet been tested in court. The lawsuit against Xiangdong and his wife...
