Daily Archives: November 24, 2008, 5:55 am

Beijing: “Richest Person in China” Detained for Questioning in Alleged Market Manipulation

Wong Kwong-yu, Chairman of Gome Electrical Appliances and said to be the richest person in China, was detained and questioned by police a few days ago, the official China Securities Journal reported, quoting an industry insider. The Standard reports that according to influential mainland financial magazine Caijing, the billionaire is being investigated for allegedly manipulating the share price of Shandong…

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