Arsenal Gets Entangled in Suspected Fraud at Chinese Carmaker
- Carmaker asks police to investigate person posing as employee
- Person struck unauthorized advertising deals: carmaker BYD
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London soccer club Arsenal got entangled in a suspected fraud involving a Chinese carmaker, which says it was duped by a person posing as an employee who signed unauthorized contracts with advertising partners.
BYD Co., an electric-car maker backed by Warren Buffett, asked the police to investigate a person who it says damaged its reputation and harmed related parties. Arsenal, which announced a pact with BYD in April, says the carmaker informed the English Premier League club that the deal was among those potentially affected by a fraud.