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Key figure in scandal stabbed

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The chairman of China Venture Capital, the firm at the heart of China's biggest stock manipulation scam, has been injured in a mysterious hit-and-run stabbing attack in Shenzhen.

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The assault on Chen Feng took place late Tuesday afternoon, just as a court hearing in the criminal trial of six individuals and one company on charges of rigging the stock's price entered its final hours.

It is not clear whether the incident was connected to the trial and the Shenzhen-listed company's financial distress.

Mr Chen was attacked by two unidentified men with knives while waiting for his car outside the company's Shenzhen office after 5pm on Tuesday, Xinhua reported yesterday, citing the Shenzhen police. The suspects escaped.

Mr Chen, 40, was cut on his back and right leg but is reportedly in stable condition.

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China Venture Capital, which has been renamed Shenzhen Kondarl, saw its share price soar more than 370 per cent in the year to February 2000 but has since sunk into deep financial trouble.

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