Huang Guangyu, founder and former CEO of Gome Electronics, has been officially charged with bribery and insider trading, Global Times reports. Huang’s lawyer confirmed that the trial is expected to commence by the end of the month.
Huang, who until recently was known as China’s richest man with a net worth of $1.6 billion, reportedly faces as much as 10 years in prison for insider trading. He has been in detention since November 2008.
