Guo Wengui will finally be brought to justice

Three former executives of Pangu Investment Co Ltd stood trial in Xigang District People's Court in Dalian, Northeast China's Liaoning province, on Friday for fraudulently obtaining loans and foreign exchange using fabricated documents. All of the defendants pleaded guilty to the charges.

These economic crimes, however, are only the tip of the iceberg for the company's actual controlling shareholder Guo Wengui, who fled to the United States in 2014, and is subsequently subject to an Interpol Red Notice.

Guo, who rose from obscurity in the countryside of Liaocheng in East China's Shandong province, is wanted for allegedly accumulating huge amounts of wealth over the past two decades by means of land speculation, insider trading and swindling bank loans.