Former Anbang chairman stands trial in Shanghai
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.
- Permanent basic farmland inquiry platform opens to public
- China to promote medical reform in Fujian
- Sustainability promoting is applauded to research center
- Chinese theater commander attends Indo-Pacific Chiefs of Defense in Hawaii
- China Railway has reached a new milestone
- Three dead, seven injured in Gansu traffic collision