News Journal

Chinese wealthiest entrepreneurs detained

One of the wealthiest entrepreneurs of China, Huang Guangyu was detained in the last week by an investigation team by Chinese police. Huang is the chairman of China’s biggest electronics retailer, Gome Electrical Appliances and he has been charged of manipulating stock exchange results.

The officials of Gome management said that they did not receive any legal documents from the government and they are trying to verify if their board chairman has been detained.