This week on Sinica, we talk shop about Caterpillar’s discovery of massive accounting fraud and subsequent $580 million write-down from a Chinese company the American equipment manufacturer acquired. We also look at the mysterious death of an American engineer in Singapore, ruled a suicide but believed by the late engineer’s parents to be a cover-up involving, perhaps, controversial Chinese telecoms equipment giant Huawei. Joining host Kaiser Kuo to look behind the news at these stories are special guests Simon Montlake, the Beijing Bureau Chief for Forbes magazine, and Bill Bishop, “the China Hand’s China Hand” and the force behind the must-read China news aggregator Sinocism.
Roslan Rahman—AFP/Getty Images
Rick Todd and his wife Mary, right, talk to reporters outside the Subordinate courts in Singapore on May 13, 2013. Singapore launched a public inquiry on May 13 into the death of their son Shane, who the family believes was murdered because of involvement in a high-tech project for a Chinese firm that has been suspected of espionage.
Death, Fraud, and Corporate Skullduggery
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Business