Guo Wengui’s brother, two others found guilty

Source:Global Times Published: 2017/12/14 21:03:39

Three employees of fugitive Chinese billionaire Guo Wengui, including one of Guo's brothers, were found guilty by a court in Northeast China's Liaoning Province of deliberately destroying accounting records.

The Xigang District People's Court in Dalian, Liaoning Province found Guo Wencun, brother of Guo Wengui, as well as Ma Cheng and Sheng Ruigang guilty of deliberately destroying accounting documents, ledgers and financial reports. Guo Wencun and another employee of the Beijing Pangu Investment, Zhao Guangdong, were also found guilty of illegal imprisonment.

Guo Wencun was sentenced to three years and six months in jail. Zhao and Ma were sentenced to two years and six months in jail while Sheng was sentenced to two years and four months.

All four of them said they would not appeal.

The court said the evidence showed that the defendants had committed the crimes upon Guo Wengui's directives. All defendants confessed to misappropriating behavior during the trial on November 20.

The case was one of a series of cases against Guo Wengui.

Henan Yuda Real Estate Company, owned by Guo Wengui, was fined 150 million yuan ($22.3 million) for fraudulently obtaining loans and bill financing fraud in August. Two employees of Henan Yuda Real Estate were sentenced to prison terms ranging from 18 months to two years by the Kaifeng Intermediate People's Court.

Guo fled China in 2014 and now lives in New York. The Interpol has issued a red notice for Guo, who is believed to be involved in several corruption scandals.

Qu Long, a former executive director of the Beijing Zhengquan Real Estate Company, a company owned by Guo Wengui, previously urged the US government to deport Guo to China.

Several other companies and individuals have also filed lawsuits against Guo Wengui in New York.

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