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...
View ArticleHuang Guangyu, Formerly China’s Richest Man, On Trial for Bribery
The Guardian reports on the trial of former GOME Electronics chairman Huang Guangyu, who is on trial on bribery charges: Chinese media have said that Huang has disputed evidence relating to the insider...
View ArticleChinese Home Appliances Tycoon Huang Guangyu Sentenced to 14 Years in Prison
Xinhua released a one sentence story reporting on the 14-year sentence handed down to former Gome Electronics chairman, and one of China’s richest people, Huang Guangyu: Former chairman of Chinese...
View ArticleChina Appliance Chain Gome Sues Jailed Founder
Huang Guangyu, former Chairman of Gome Electronics and China’s richest person who is serving a 14-year prison sentence for bribery and other crimes, is now being sued by his former company. From AP:...
View ArticleHuang Guangyu’s Farewell Letter
Huang Guangyu, the disgraced former chairman of Gome Electronics, has written a farewell letter as he begins his 14 years in prison, the Wall Street Journal reports: The founder of China’s second...
View ArticleFounder of China’s Gome Loses Key Vote
Huang Guangyu, the imprisoned former chairman of Gome Electronics, has apparently lost the power struggle to maintain control over the company. From Caixin: Four proposals by Huang Guangyu, the...
View ArticleAvon Fires 4 Executives in Probe of Corruption in China, Other Countries
Avon is conducting an internal investigation into corruption during which four executives in China have already been fired. From Bloomberg: The company suspended the four in April 2010 as part of an...
View ArticleLongtop Financial Investigated by SEC, Sued by Investors Following...
A major fraud at Longtop Financial Technologies, a Chinese financial software company, was revealed this week in a resignation letter by its auditor Deloitte Touche Tohmatsu. Floyd Norris writes in his...
View ArticleChina Resources Audited Following Allegations
China Resources, a state-owned conglomerate and Fortune 500 company, is currently being audited following allegations from a journalist of corruption by senior executives. From China Daily: China...
View Article18 More Detained in GSK Probe
China’s state media report that at least 18 more people have been detained as the corruption probe against the British pharmaceutical giant GlaxoSmithKline (GSK) continues. From Ben Blanchard, Fang...
View ArticleChina Resources Probe Brings New Scrutiny to SOEs
State-owned conglomerate and Fortune 500 company China Resources is under investigation after state media journalist Wang Wenzhi accused senior executives of corruption and wrongdoing last month from...
View ArticleHiring in China By JPMorgan Under Scrutiny
U.S. investigators are looking into whether J.P. Morgan acted inappropriately in hiring children of well-connected Chinese officials in order to secure business deals. From the New York Times Dealbook...
View ArticleInvestigators Peter Humphrey, Yu Yingzeng Arrested
Fraud investigators Peter Humphrey, a British citizen, and his wife Yu Yingzheng, a naturalized American citizen, have been formally arrested after being detained for six weeks. From the Wall Street...
View ArticlePetroChina Executives Told to Hand in Passports
Amid a widening probe into the oil industry, officers of PetroChina have had their passports confiscated. AP reports: PetroChina managers at the level of division chiefs and above were ordered to hand...
View ArticleCCTV Broadcasts Allegations Against Danone
Danone, the French food manufacturer, has been accused of bribing Chinese doctors to provide postpartum mothers with its Dumex brand infant formula. This is the latest investigation in an...
View ArticleChina to Try U.S.-British Couple in GSK Probe
At USA Today, Calum MacLeod reports that British corporate investigator Peter Humphrey and his American wife Yu Yingzeng will be tried in China for illegally obtaining private information. The foreign...
View ArticleGlaxoSmithKline Fined $487 Million
Following an investigation for corruption, a court in China levied an unprecedented fine of $487 million on British pharmaceutical company GlaxoSmithKline. Keith Bradsher and Chris Buckley of the New...
View ArticleCorporate Dispute Linked to Corruption Probes
A corporate dispute between state-owned Founder Group and its largest shareholder, real estate company Beijing Zenith Holdings Co., has been linked to ongoing corruption investigations and the...
View ArticleChina Denies Blocking G20 Corporate Talks
Corporate corruption watchdog Transparency International has accused China of blocking an agreement on corporate transparency at the G20 summit in Brisbane, Australia. From AFP: Beijing has been waging...
View ArticleTycoon Denies Colluding with Disgraced Spy Ma Jian
Several Chinese media outlets have accused real estate developer Guo Wengui of having conspired with Ma Jian, the former deputy minister of state security, in a plot that removed Beijing’s former vice...
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