CFO of Scandal-Hit Longtop Financial Technologies Steps Down

Derek Palaschuck has abruptly resigned from Longtop Financial Technologies. Palaschuck was Chief Financial Officer of the New York-listed company, which has been accused of falsifying bank statements and other financial information. Deloitte has also resigned as Longtop's external auditor (read "Dubious Companies, Hapless Auditors" for details).

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