Chinese Business Mogul Sentenced to Prison

http://www.nytimes.com/2010/05/19/world/asia/19china.html?_r=1&ref=business
Author: Wines, Michael
Source: The New York Times
Year: 2010

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Abstract:

A high-school dropout who built the Chinese home appliance chain Gome into a multibillion-dollar empire was sentenced to 14 years in prison on Tuesday after being convicted of insider trading, bribery and other crimes, government prosecutors reported.

The conviction of the former chairman, Huang Guangyu, was among the most significant in a string of recent business-related corruption trials that have brought down top officials in China’s oil and nuclear power industries and felled other executives in the airline, beverage, cellphone and securities businesses, among others.