Silvercorp Metals Analyst Arrested in China For Being a Critic
The lead Globe and Mail story on-line right now is: Canada-China Trade Agreement to Protect Investors: Harper.
Elsewhere in the paper, HERE, is the shocking story of a Canadian citizen, an analyst covering Silvercorp Metals, being arrested in China. The story in worthy of a good novel.
You will recall Silvercorp, a Chinese company listed in Canada, was not so long ago the subject of a short seller attack. The analyst has apparently been arrested for being a critic of the company in connection with the shorts.
If that isn’t appalling enough, how about this: it appears the Globe and Mail has ample evidence to show that Silvercorp has orchestrated and funded the investigation and arrest of the analyst.
I wonder if Canadian regulators will take a pass on this or whether they will protect investors and focus their attention on Silvercorp’s alleged intimidation of the capital markets.