According to published reports, Chinese optical storage provider Amethystum Storage Technology was recently fined 36.7 million yuan (US $5.1 million) by the China Securities Regulatory Commission (CSRC) for allegedly cooking its books.

News sources, including the South China Morning Post, indicate the CSRC began investigating earlier this year and accuses the company of not disclosing external investors guarantees, as well as padding its prospectus with fictional sales and profits. Additionally, Amethystum warns it may be delisted from the Shanghai Stock Exchange (SSE) STAR Market, while several company employees and executives also face penalties totalling 58 million yuan ($US 8.3 million) and securities market bans.