Across China: Shanghai
China Daily | Updated: 2010-02-04 07:47
One of richest on trial
Yan Liyan, who was ranked 56th among 500 richest Chinese by the Hurun Report in 2006, stood trial in Shanghai yesterday.
Yan is charged with embezzlement and contract fraud. Also on trial are three executives from Aijian Securities and Aijian Trust and Investment Co. Ltd, who allegedly helped Yan secure illegal pledge loans.
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