Chinese businessman Guo Wengui arrested in $1 billion fraud conspiracy.

1 min read
Source: Financial Times
TL;DR Summary

Chinese businessman Guo Wengui, who has been living in exile in the US, has been arrested on charges of fraud. The charges relate to allegations that he lied to obtain a $40m loan from a US-based lender. Guo, who is a vocal critic of the Chinese government, has been accused of a range of crimes by Beijing, including bribery and rape, which he denies.

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