TuSimple probed by FBI, SEC over ties to Chinese startup- WSJ

CreateAl Holdings

30/10/2022 20:13

Oct 30 (Reuters) - Self-driving driving truck startup
TuSimple Holdings Inc  TSP.O  is being investigated by the FBI,
U.S. Securities and Exchange Commission (SEC) and Committee on
Foreign Investment about its relationship with China-backed
Hydron Inc, the Wall Street Journal reported on Sunday.
    The officials are looking at whether TuSimple and its
executives, specially Chief Executive Xiaodi Hou, breached
fiduciary duties and securities laws by failing to properly
disclose the relationship with Hydron, the WSJ said, citing
people familiar with the matter.
    TuSimple did not respond to a Reuters request for comment on
the report.
 (Reporting by Juby Babu in Bengaluru; Editing by Sandra Maler)
 ((Juby.Babu@thomsonreuters.com;))