Authorities: Fugitive Guo fabricated evidence

Police investigators say that Guo Wengui - one of China's most-wanted fugitives and the controlling shareholder of Beijing Pangu Investment and Beijing Zenith Holdings - knowingly used fabricated and distorted information to mislead the public.

According to the police, Chen Xiangjun, 43, who has been unemployed since junior high school, and Zong Zuoling, 32, also currently unemployed, confessed that they offered fake information to Guo in exchange for money.

Last month, citing "proof", Guo claimed that a relative of a high-level official controls 20 trillion yuan ($3 trillion) in assets at different companies.