[1]Jason Jiang, Chairman and CEO of Focus Media [2] hit back in the early hours of Tuesday morning against accusations of fraud levelled at his business [3] by (aptly named?) Muddy Waters.
“Why isn’t anyone suing these short sellers who are just spreading malicious rumors everywhere?” he wrote on his Weibo account [1] (Weibo is described by the UK’s Grauniad newspaper as ‘The Chinese Twitter that dwarfs Twitter [4]‘).
“These people should be punished according to the law!!!”
We await the promised statement rebutting Muddy Waters’ claims [5] later today.