Former Anbang chair Wu Xiaohui, who is facing charges of falsifying financial reports and hiding benefits to himself while leading the Chinese insurance giant, expressed remorse and asked for leniency in court at a trial that lasted one day. Wu is accused of forging documents, raising more than $10 billion through fraud and abusing his power at Anbang to appropriate company funds, according to the Wall Street Journal. The charges come in the wake […]
source https://therealdeal.com/2018/03/28/former-anbang-leader-asks-for-leniency-in-court/
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