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China's richest: " My money is clean"
(CRI)
Updated: 2004-11-09 15:01
Amid growing public concern over how China's richest get their wealth, Du
Sha, one of China's richest people according to a new Forbes ranking, claimed
that every cent he made was above board.
Du Sha, president
of the Tianjin-based Home World commercial chain group, ranks eighth on
Forbes' annual list of China's richest people. [file
photo] |
Du insisted he had never bribed anyone or done anything underhand.
With assets of US$530 million, Du ranks eighth on Forbes' annual list of
China's richest people.
The 48-year-old is president of the Tianjin-based Home World commercial chain
group, China's biggest private construction material and department store chain.
He regarded the Forbes list as an affirmation of the success of Chinese
private businesses.
But some of Du's wealthy peers have been keeping a low profile and even tried
to avoid being listed, for fear of drawing too much attention from the
government and tax collectors.
The paper gives the example of, Zhou Zhengyi, a Shanghai property tycoon, who
was sentenced to three years in jail on charges of fraud and stock manipulation
in 2003.
Only one year ago, he was ranked by Forbes as China's 11th- richest man, with
a fortune estimated at US$320 million.
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