Huang Guangyu, Chinese Electronics Tycoon, On Trial

BBC reports on the trial of , one of China’s richest men:

Canny investments in property helped him build a fortune estimated to be between $2.7bn (£1.72bn) and $6.3bn at the time of his arrest.

In 2008 he topped the Hurun Report’s China Rich list.

A few months later he was arrested and has been in detention ever since.

His wife and a business associate are on trial with him.

, the firm he founded, is also accused of corporate bribery.

See also “China: The Wild West with razor-thin margins” from the Financial Times. Read more about Huang Guangyu via CDT.

April 21, 2010, 3:28 PM
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Categories: Economy, Law