2018年3月28日星期三

Anbang’s Former Chairman Goes on Trial, Accused of Masterminding $10.4B Fraud

A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion) fraud, using unauthorized sales of investment-type policies to prop up the acquisitive company’s capital. Wu ordered up fraudulent financial statements …

from News – Insurance Journal

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