Chinese Court Convicts Wilmar's Guangzhou Yihai in Palm Oil Fraud Case
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins88% CONFIDENCEOverall confidence: 88%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterYKA announcement 2025-038: 'On 19 November 2025, Guangzhou Yihai received the first-instance Criminal Judgment [(2024) Wan 06 Xing Chu No. 3] issued by the Huaibei Intermediate People's Court.'[1]
A court in Huaibei found Yihai (Guangzhou) Oils & Grains, a unit of Wilmar's Yihai Kerry Arawana, guilty as an accessory to contract fraud, fining it RMB 1 million and making it jointly liable for RMB 1.881 billion; the company is appealing.
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