China Financial Cops Linked to Gome Tycoon Case

In the ongoing investigation into Gome chairman Huang Guangyu for stock price manipulation and other crimes, two investigators have been accused of accepting bribes in the case. From AP:

Zheng Shaodong, director general of the Public Security Ministry’s economic crimes investigation bureau, and a deputy director of the bureau, Xiang Huaizhu, were detained for allegedly taking bribes during an investigation into allegations against Wong, the official Xinhua News Agency and other reports said.

Wong, one of China’s richest businessmen, is facing a probe into alleged stock price manipulation and other crimes, according to Beijing police. Days ago, he resigned as chairman of Gome Electrical Appliances Holdings, which he founded and built into the country’s largest retailing chain.

Read also Xinhua’s report.

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