Sino-Forest, the Chinese forestry company accused of fraud, released a final report into the allegations but provided little new information about its timber assets, cash pile or relationship with suppliers.
The company, which is being probed by Canadian regulators and police, said it had terminated the internal investigation even though “there remain outstanding issues that have not been fully answered”.
The work of the internal investigation committee had reached “the point of diminishing returns”, Sino-Forest said, “because much of the information which it is seeking lies with non-compellable third parties, may not exist or is apparently not retrievable from the record of the company”.
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