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by Mike Caswell
Silvercorp Metals Inc. has responded to the lawsuit it faces from Kun Huang, a "convicted criminal" who is suing the company for unlawful detention. The company says that Mr. Huang broke the law in China and was convicted by a court of competent jurisdiction in that country. Mr. Huang's troubles were the result of his violations of Chinese law, Silvercorp contends.
Silvercorp's comments come as part of a case brought in the Supreme Court of British Columbia on Aug. 19, 2014, by Mr. Huang, a researcher who had been working in China. He had done some of the work that went into the well-publicized Alfred Little report that targeted Silvercorp in 2011. The report, which questioned the output from the company's Ying mine, placed Silvercorp under considerable scrutiny and led to a drop in its share price.
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| THE BLOT |
| Kun Huang |
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Why is this guy not in jail here to finish his Chinese sentence? He obviously caused a lot of damage (including to myself) with his selfish behavior for which he was punished by the Chinese courts. But apparently these "short and distort" schemes are quite abundant and not illegal here. This only makes it next to impossible for small companies to function.