Embezzlement

 
The misappropriated money was allegedly used by their relatives to buy a house in California, a Mercedes-Benz and unspecified jewellery.

Two charged with theft from US share sales

Two former senior officials of China North East Petroleum have been charged with misappropriation of part of the proceeds of the firm's share sales. The money was allegedly used by their relatives to buy a house, a car and jewellery.