Tag: Economic crime

Bo Xilai corruption crimes currency exchange dalian death penalty financial fraud scam underground bank xu ming

Chinese Billionaire Linked to Bo Xilai Detained

Xu Ming, founder and chairman of the Dalian Shide Group and one of China’s richest people, has been detained. Xu has been linked to Bo Xilai, the recently dismissed former party chief of Chongqing and former Dalian mayor. The exact circumstances of his detention are not known but he was reportedly detained on March 15, the same day Bo’s dismissal was announced. From the Telegraph:Mr X