Huang Guangyu
From The Independent:
A tycoon who was once the richest man in China was charged yesterday with bribery, insider trading and illegal business dealings.
The trial of Huang Guangyu, the founder of China’s largest consumer electronics chain, Gome Electrical Appliances, will be the highest-profile case yet involving a private entrepreneur in the country. It will be watched closely by China’s business community because it highlights the risks of operating in the Communist state.
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
- Wall Street Journal: After Huang Guangyu’s Indictment, Watch for the Political Drama
- Earlier on Danwei: The neighbor of the richest man in China, no longer
- Danwei: Gome, Sweet Gome
- Danwei: Forbes China rich list (2004)