Huang Guangyu, Chinese Electronics Tycoon, On Trial

BBC reports on the trial of Huang Guangyu, 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. Gome, 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. ...
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