Huang Guangyu (bilden), China's richest man in 2004, 2005 and 2008, was jailed Tuesday for 14 years for insider trading, bribery and illicit business dealing.
Huang remained silent at the Beijing court after hearing his sentence, and his lawyer said the tycoon would probably appeal the verdict to Beijing's Higher Court within 10 days.
Huang, a high school dropout who built an electronics and home appliance empire in China, was detained in 2008 for unscrupulous corporate malfeasance and corruption. That year, his estimated net worth was US$6.3 billion.
´
Huang, in his 40s, was also ordered to pay a fine of 600 million yuan (US$88 million), and authorities seized another 200 million yuan in assets as part of his conviction.
Huang resigned as GOME Corp's director and chairman in January 2009. Huang was held for more than a year, and was tried in April this year.
The court found him guilty of bribing or ordering others to bribe five government officials with 4.56 million yuan in cash and properties from 2006 to 2008.
The bribes were offered in exchange for "improper benefits" for Huang's GOME Electrical Appliances Holdings and his Beijing Pengrun Real Estate Development Company. Gome and Pengrun were fined five million and 1.2 million yuan, respectively, for their involvement in the scandal.
Huang was also convicted of insider trading of shares in the Shenzhen-listed Beijing Centergate Technologies (Holding) Co., Ltd., in which he was the majority shareholder.
He allegedly earned more than 300 million yuan in illegal profits.
Huang was further found to have engaged in "illegal business dealings."
After dropping out of school, Huang started building his fortune in his teens, running a roadside stall in Beijing where he sold radios and gadgets purchased from factories near his hometown in south China's Guangdong province. GOME is now China's largest electronics and appliance chain with more than 1,200 stores in more than Chinese 200 cities./ People's Daily Online (Kina)
Stig Östlund
Bloggarkiv
-
▼
2010
(4308)
-
▼
maj
(461)
- VM
- VM
- Uppmärksammad
- Fotbollsnyhet
- Higuaín
- Vad väljer jag?
- Deadly Israeli Raid on Aid Flotilla Draws Condemna...
- The New Sweden
- Snabba kolhydrater ökade hjärtrisk mer än mättat fett
- The New Sweden. Ung kvinnas liv i spillror
- Ship to Gaza
- Påminnelse
- Kriminella företag
- Launch of online video tour showcases the fascinat...
- 2010 UEFA Euro Under-17 Champions
- The New Hårdkokta Sweden
- Oljekatastrofen
- Dennis Hopper
- Jimmy Jump rör om
- Melodifestivalen
- Uruguay
- Giro d'Italia
- Hela Tysklands och över halva Europas Lena
- World's top 10 most livable cities
- La Segunda
- BP:s styrelseordförande
- The King of Swing
- Den enorma katastrofen
- Ännu en teckning
- Ännu en teckning
- En idol
- VM
- VM
- VM
- U.S. gets good wishes from White House
- Ship to Gaza
- Argentinas hotell
- Nytt La Liga-lag nästa säsong?
- The New Pang-Pang Sweden
- Afghanistan
- U.S. Indicts Ohio Man and Two Foreign Residents in...
- BP katastrofen
- Guantanamo
- PPT
- Gott råd
- Simon Kjær klar til VM
- Rooney i Shanghai
- Oroliga Atlanten
- Karolinska ser framtiden i Kina
- Mordfriad Falubo kan få en miljon i försäkringspengar
- Alicia Keys
- Alicia Keys
- Alicia Keys
- 1000
- Europe's debt crisis
- Åtal mot Quick läggs ner
- Fängelse för P-bråk i Landskrona
- UEFA European Under-17 Championship 2010
- Storbankerna sänker euron
- 480 år i fängelse?
- The New Sweden (det börjar att bli mycket nu)
- Alm och Akileh
- Andrew var lite av en bluffmakare
- Femårsplan
- Sarah lever, härligt
- ·B字啤酒瓶 (= Michael Jackson)
- Halt
- Auktionsfirman Bukowskis i Stockholm rånades idag ...
- VM
- X51-A
- Gulf leak nation's worst spill; far bigger than Ex...
- Väljarbarometer
- Biden: Troop Withdrawal From Iraq On Schedule
- Apple is Now the World's Biggest Tech Company
- Låt oss lägga AKUT på minnet
- Färre resor till prinsessbröllop
- Havet
- Engelska - Övning
- Germany vs. Europe
- Dow Jones
- Död efter streetrace i Botkyrka
- Spanska VM-truppen
- Rymdfärdssimulering - Isolerade i 520 dagar
- Omsättningsökning i sommar jämfört med förra
- The New Pang-Pang Sweden
- Fotboll
- VM-värden
- VM
- VM
- Törs man berömma? Jag chansar.
- De äldre
- VM
- Mourinho
- U2 and Aguilera Postpone Summer Tours
- 60 döda i Jamaica
- För kalenderbitare
- Varför republik?
- Bli medlem
- USA-baser
- U.S.-Mexico border
-
▼
maj
(461)