Chinese insurer founder tried for alleged fundraising crimes
BEIJING (AP) " The founder of the Chinese insurer that owns New York City's Waldorf Hotel went on trial Wednesday on charges of improperly raising billions of dollars from investors and abusing his position to benefit himself.Wu Xiaohui, chairman of Anbang Insurance Group, was detained last year. Regulators took control of privately owned Anbang in February following a multibillion-dollar global buying spree that prompted questions about its financial stability.The case added [...]
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