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Actress Fan Bingbing's tax probe sinks Chinese movie stocks

X-Men star accused of hiding income with dual contracts

Chinese actress Fan Bingbing, who appeared in "X-Men: Days of Future Past." TV host Cui Yongyuan accused her of hiding income to avoid taxes.   © Reuters

DALIAN, China -- Investors panned China's film stocks on Monday in the wake of tax evasion allegations against one of its most famous actresses and an investigation that could widen the scandal.

The scandal started May 28 when former Chinese Central Television host Cui Yongyuan posted pictures of two movie contracts belonging to actress Fan Bingbing on the microblogging platform Weibo.

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