Former Anbang chairman stands trial in Shanghai
chinadaily.com.cn |
Updated: 2018-03-28 10:47
Share
Share - WeChat
Wu Xiaohui, former chairman and general manager of Anbang Group, stands trial Wednesday for fundraising fraud and embezzlement at the No 1 Intermediate People's Court in Shanghai.
Wu was placed under investigation last June and removed from his position as head of Anbang in February.
The insurance and investment conglomerate, known for a number of high-profile international acquisitions including the 2015 purchase of New York’s Waldorf-Astoria hotel, was taken over by the country's insurance regulator in February.
- Remains of former senior military official cremated
- China strives to build South China Sea into a sea of peace, friendship, cooperation
- Xi, Myanmar leader exchange congratulations on 75th anniversary of diplomatic ties
- Why Guangdong-Hong Kong-Macao Greater Bay Area is a must-watch for global businesses
- Hefei mobilizes public to build spiritual civilization
- Experts urge stronger civil aviation legislation, cultivation of legal talents
