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CHINA JAILS ONE OF ITS BILLIONAIRES PENDING PROSECUTION

Posted by julian on February 22, 2010 in Politics

More music to my ears; founder of Gome Electronics, Huang Guangyu languishes in jail somewhere in China awaiting trial for bribery, corruption and share manipulation. From humble beginnings he built Gome into the largest retail electronics chain in China. In 2006, he was forced to sell off 25% of his holdings in the Hong Kong [...]

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