Bribery pervades list of wealthiest

Nearly 30 billionaires formerly on the list of China's richest people have been charged with bribery or are at the center of a police investigation, a new report shows.

Researchers for the Hurun Report, an annual list of China's rich and powerful, yesterday revealed that 19 of the 1,330 business tycoons listed in the past 10 years are either in jail or are waiting for sentencing on bribery charges.

Another 10 on the list are currently under investigation, according to "The Hurun Report: Rich in Trouble".