Chief execs under fugitive billionaire Guo Wengui stand trial Published: 2017/6/9 8:45:41

Photo: Courtesy of Xigang District People's Court

Chief executives who served under fugitive billionaire Guo Wengui stood trial on Friday in a court in Dalian, Northeast China’s Liaoning Province for fraudulently obtaining loans and foreign currency. 

The trial is the first legal hearing related to Guo since he fled China in 2015. Guo was involved in multiple corruption cases. 

Guo is the controlling shareholder of Beijing Zenith Holdings and Beijing Pangu Investment. The trial started at 8:30 am on Friday at the Xigang District People’s Court in Dalian. 

Yang Ying, a former financial officer at Beijing Pangu Investment, Lü Tao, former deputy general manager of Pangu Investment, and Xie Honglin, another former financial officer at Pangu, stood trial.


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