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China's Luckin Coffee terminates CEO, COO amid financial misconduct probe
short by Anushka Dixit / on Tuesday, 12 May, 2020
Chinese coffee company Luckin Coffee has announced it is firing its Chief Executive Officer Jenny Zhiya Qian and Chief Operating Officer Jian Liu amid an internal financial misconduct investigation. The investigation is being carried out after transactions totaling about $310 million were fabricated. The company added that it has put six other employees on leave or suspension.
read more at Reuters