Fugitive Chinese Billionaire Faces Charges In New York

June 12, 2017 by

A Chinese billionaire who made allegations of high-level corruption against Communist Party officials in his homeland and is wanted by authorities in Beijing is facing a lawsuit in New York where he now lives, lawyers said Monday. Guo Wengui, a real estate tycoon who lives in a luxury Fifth Avenue apartment overlooking Manhattan’s Central Park, … Read more

Chinese Firm Tied To Communist Party Critic Stands Trial

June 9, 2017 by

Three executives of a Chinese investment firm linked to outspoken Communist Party critic Guo Wengui confessed to fraud on Friday, as the billionaire property tycoon lobs corruption allegations at high-level officials from abroad. Appearing in Dalian Xigang People’s Court in northeastern Liaoning province, the defendants — Lu Tao, Xie Honglin and Yang Ying — admitted … Read more