Luckin Coffee Probe Says Chairman Knew or Should Have Known of Fabricated Transactions: Report detailing the internal probe also said Charles Lu didn’t fully cooperate with investigation, according to a person familiar with the matter
https://www.wsj.com/articles/luckin-coffee-probe-concludes-chairman-knew-or-should-have-known-of-fabricated-transactions-11593953644 An investigation into the accounting misdeeds at Luckin Coffee Inc. has concluded that the company’s chairman knew—or should have known—about the fabricated transactions that inflated the Chinese coffee chain’s sales last year, according to a person familiar with the matter. A report detailing the internal probe also said that Charles Lu, Luckin’s co-founder and … Read more