By Yew Lun Tian BEIJING (Reuters) - China fined U.S. firm Mintz Group about $1.5 million for doing
Jake the Eastern Passage Rock Snake | SaltWireBEIJING - China fined U.S. firm Mintz Group about $1.5 million for doing"unapproved statistical work", said a Beijing Municipal Bureau of Statistics notice, after a raid of its Beijing office sparked worries about China's openness to foreign investment.
As punishment, the bureau confiscated 5.34 million yuan of the firm's"illegal proceeds" and imposed an administrative penalty of an equivalent amount, resulting in a total fine of about $1.5 million. As per Mintz's website, its services include background checks on potential business partners and new hires, fact gathering for law suits and internal investigations.
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