HONG KONG: Chow Tai Fook Jewellery Group Ltd didn’t manipulate gold prices and was pulled into China’s probe of Shanghai jewellers because of its membership in a local trade association, said its managing director Kent Wong.
Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20130724000205/Article/
Published: July 24, 2013
The world’s largest listed jewellery chain was asked to provide information to regulators because it is a member of the Shanghai Gold & Jewellery Trade Association, he said.
Chow Tai Fook was among several gold shops being investigated for possible price manipulation, the official People’s Daily said on July 19. Bloomberg
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