Citic Pacific's history of dicey deals and dodgy disclosure

It's not just difficulties with a mammoth mining project in Australia that have left Citic Pacific's risk management capability under unwelcome scrutiny.

The Hong Kong-listed investment firm, 58 per cent-owned by the Chinese central government's Citic Group, left the investment community shocked during the 2008 financial crisis when it announced an estimated HK$15.5 billion loss from unauthorised high-risk trades on the Australian dollar, the euro and the yuan.

via Business feed http://www.scmp.com/business/companies/article/1236219/citic-pacifics-history-dicey-deals-and-dodgy-disclosure