Suning Group has rejected allegations of corruption during its purchase of Inter last summer.
Chinese state broadcaster CCTV ran a report on Tuesday night that suggested money laundering had taken place during Inter’s takeover by Suning, amidst the conglomerate’s share price dropping by 6.5 percent on the Shenzhen Stock Exchange.
“I watched the CCTV report, but Suning firmly supports the national policy of overseas investment,” riposted the company’s Vice-President, Sun Weimin.
Suning Group has rejected allegations of corruption during its purchase of Inter last summer.
Chinese state broadcaster CCTV ran a report on Tuesday night that suggested money laundering had taken place during Inter’s takeover by Suning, amidst the conglomerate’s share price dropping by 6.5 percent on the Shenzhen Stock Exchange.
“I watched the CCTV report, but Suning firmly supports the national policy of overseas investment,” riposted the company’s Vice-President, Sun Weimin.
“Suning’s strategy has always been based on the development of the domestic market, with the aim of expanding in foreign markets and meeting the needs of domestic market development.
“By investing in Inter, we can study foreign experiences in the field of football, improve the level of Chinese football and introduce advanced management and training techniques.
“By using Inter as a base, Suning aims to improve the influence of its brand globally, driven by a strong commercial network of overseas expansion.”