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China court sentences fugitive tycoon's staff

AP  |  Beijing 

A in northern has sentenced three employees working for real estate billionaire Guo Wengui, who has been locked in a high-stakes political feud with the ruling

The Dalian Xigang People's on Friday announced prison terms of less than three years for three employees who prosecutors said were ordered by Guo to falsify financial documents to obtain loans from a state



Guo's development firm Pangu Investment Co. Was also fined USD 36 million.

Guo fled and now lives in a USD 68 million apartment overlooking New York's Central Park. He has cultivated a vast following and vowed to expose sensitive information concerning top party officials unless the frees his employees and family members held in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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China court sentences fugitive tycoon's staff

A court in northern China has sentenced three employees working for fugitive real estate billionaire Guo Wengui, who has been locked in a high-stakes political feud with the ruling Communist Party. The Dalian Xigang People's Court on Friday announced prison terms of less than three years for three employees who prosecutors said were ordered by Guo to falsify financial documents to obtain loans from a state bank. Guo's development firm Beijing Pangu Investment Co. Was also fined USD 36 million. Guo fled China and now lives in a USD 68 million apartment overlooking New York's Central Park. He has cultivated a vast social media following and vowed to expose sensitive information concerning top party officials unless the government frees his employees and family members held in China. A in northern has sentenced three employees working for real estate billionaire Guo Wengui, who has been locked in a high-stakes political feud with the ruling

The Dalian Xigang People's on Friday announced prison terms of less than three years for three employees who prosecutors said were ordered by Guo to falsify financial documents to obtain loans from a state

Guo's development firm Pangu Investment Co. Was also fined USD 36 million.

Guo fled and now lives in a USD 68 million apartment overlooking New York's Central Park. He has cultivated a vast following and vowed to expose sensitive information concerning top party officials unless the frees his employees and family members held in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

China court sentences fugitive tycoon's staff

A in northern has sentenced three employees working for real estate billionaire Guo Wengui, who has been locked in a high-stakes political feud with the ruling

The Dalian Xigang People's on Friday announced prison terms of less than three years for three employees who prosecutors said were ordered by Guo to falsify financial documents to obtain loans from a state

Guo's development firm Pangu Investment Co. Was also fined USD 36 million.

Guo fled and now lives in a USD 68 million apartment overlooking New York's Central Park. He has cultivated a vast following and vowed to expose sensitive information concerning top party officials unless the frees his employees and family members held in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22