Former Anbang chairman stands trial in Shanghai
Share - WeChat
Wu Xiaohui, former chairman and general manager of Anbang Group, stands trial Wednesday for fundraising fraud and embezzlement at the No 1 Intermediate People's Court in Shanghai.
Wu was placed under investigation last June and removed from his position as head of Anbang in February.
The insurance and investment conglomerate, known for a number of high-profile international acquisitions including the 2015 purchase of New York’s Waldorf-Astoria hotel, was taken over by the country's insurance regulator in February.
- Low-altitude economy in Xinjiang starts riding powerful tail winds
- Greater efforts urged to improve children's living environment
- Draft law to boost energy development
- Teenager's killing puts juvenile crime back in the spotlight
- Xi: Bolster growth of western region
- Chengdu man receives suspended sentence for buying endangered turtle specimen