The SEC accuses China Natural Gas (CHNG.PK -9.3%) and former CEO Qinan Ji of secretly lending...

|About: China Natural Gas, Inc. (CHNG)|By:, SA News Editor

The SEC accuses China Natural Gas (CHNG.PK -9.3%) and former CEO Qinan Ji of secretly lending more than $14M in company funds to benefit his son and nephew. Ji, who resigned as CEO last October, approved both loans without obtaining authorization from the company's board or informing its CFO, the SEC says.