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Crime
Huang Guangyu, formerly China's richest man, indicted for insider trading etc.Posted by Jeremy Goldkorn on Tuesday, February 16, 2010 at 10:31 AM
 Huang Guangyu From The Independent:
Danwei previously published a foreigner's description of his time in a Beijing detention center with Huang and Gome's Chief Financial Officer while they were under investigation before the indictment. No mention has been made of the CFO in reports about Huang's indictment. Links and Sources
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Comments on Huang Guangyu, formerly China's richest man, indicted for insider trading etc.
"It will be watched closely by China's business community because it highlights the risks of operating in the Communist state. "
What, you can't close shaddy deal then have gov't bail you out?
That being said trading irregularities are far more common in China than in the US. For the US at least have a crippled SEC, whereas China have none.
Wonder which thugs in BJ he pissed off and why he didn't offer more in hush money? Surely one doesn't get to be China's "richest man" without patrons high up in the CCP to smooth the way.