China’s ruling communists have launched tax and land-use probes into Foxconn, one of tech giant Apple’s largest suppliers, as the company’s Taiwanese founder runs as an independent for the presidency of the self-governing island. Observers believe that the sudden investigations into the company’s affairs may be politically motivated. Mainland Chinese media reported on Oct. 22 that Chinese authorities have recently audited Foxconn’s key subsidiaries in Guangdong, Jiangsu, and other provinces. Meanwhile, the natural resources department has launched on-site investigations on the land use of a number of Foxconn’s factories. After the news of the Foxconn audit was made public, the company, also known as Hon Hai Precision Industry, released a statement saying that complying with the law was one of its “basic principles”....Read more https://www.theepochtimes.com/china/foxconn-in-china-investigated-by-authorities-as-founder-runs-for-taiwan-presidency-5515638