Chinese dairy bankrupt after tainted milk scandal

By
December 25, 2008 03:40

A court has declared bankrupt the dairy at the center of China's deadly tainted milk scandal, one of the firm's owners said - a development lawyers said adds to concerns about how and when those sickened by the doctored products will be compensated. A court in Shijiazhuang has issued a bankruptcy order against Sanlu Group Co. in response to a petition from a creditor, New Zealand's Fonterra Group said Wednesday. Fonterra owns 43 percent of Sanlu. The official Xinhua News Agency said the court in Hebei province accepted the filing. Xinhua, citing a spokesman for the company, also said Sanlu confirmed its bankruptcy. Phones rang unanswered at the company and the court on Wednesday.


Related Content

Kuwait Airways
May 24, 2018
Austrian government may bar Kuwait Airways because of anti-Israel bias

By BENJAMIN WEINTHAL