Chinese tycoon Huang Guangyu jailed for bribery

By -
Na Mwandishi wetu,
China.
Chinese tycoon Huang Guangyu has been sentenced to 14 years in prison after being found guilty of bribery, insider trading and illegal business practices.
Huang, who was for a time the richest man in china, was also fined 600 million yuan ($88m), the official Xinhua news agency said.
He built a billion dollar business from almost nothing, after dropping out of school nearly 30 years ago.
His business grew into a chain of more than 1,300 stores across China.
The Gome chain of domestic appliance shops was the second largest in the country.
The BBC's Chris Hogg in Shanghai says canny investments in property helped Mr Huang build a fortune estimated to be between $2.7bn (£1.72bn) and $6.3bn at the time of his arrest.
The case was the highest profile yet involving an entrepreneur in China.
Accused
In 2008 he topped the Hurun Report's China rich list. A few months later he was arrested.
He had been accused of manipulating share trading for two listed companies - Sanlian Commercial Co and Beijing Centergate Technologies Co, Xinhua reported before his trial.
Gome Appliances Co, a mainland subsidiary of the firm Mr Huang founded, was also accused of corporate bribery.
He stepped down as Gome's chairman last year.

Comments

Post a Comment

Popular posts from this blog

FAMILIA YANGU ILIPOTEMBELEA KIJIJI CHA WATOTO YATIMA CHA FURAHA MBWENI KINACHOSIMAMIWA NA MASISTA WA KATOLIKI WA SHIRIKA LA KIMISIONARI LA BIKIRA MARIA MAMA WA YATIMA SIKU YA JUMAPILI TAREHE 17 JANUARI 2016

By -
Image
Nembo ya Shirika la Kimisionari la Bikira Maria Mama wa Yatima. Niliikuta nembo hii nilipoingia nyumba ya Masista wa Shirika hili kwenda kumwona Sista Restuta. Hapa nilipelekwa na Pius baada ya kupata ruhusa ya Mlinzi. Sista Restuta (Mama wa watoto hao) akiwaandaa wanae kuimba nyimbo kituoni hapo.   Chakula kilichoandaliwa na familia yangu kwa ajili ya watoto hao   Sehemu ya kukaa wageni na watoto wa kituo cha Furaha Mbweni Kijijini.   Watoto wakichukua chakula. Sister Restuta na utawala wa kituo umeweka utaratibu mzuri sana wakati wa kula. Wanaanza watoto wa Chekechea (Nursery School), wakifuatia wa Shule ya Msingi kuanzia darasa la Kwanza kuendelea mpaka Kidato cha Sita. Kituo hiki kunachukua watoto wa kuanzia miaka mitatu ambao wanasoma Chekechea  Watoto wakiendelea kuchukua chakula   Huyu mtoto wa kushoto mwenye fulana nyeupe anaitwa Pius. Alinipokea siku moja kabla nilipokwenda kupeleka vyakula vyao na kufanya maandal...
Read more

Taarifa za msiba...

By -
Kwa masikitiko makubwa nawataarifu msiba mkubwa tulionao leo. Ndugu yetu, mpendwa wetu, mwenzetu kwenye TEKNOHAMA na mdau mkubwa wa tafiti mbali mbali za TEKNOHAMA Kaka Andrew dACHI amefariki leo asubuhi nyumbani kwake Fransic Town, Botswana.  Kwa sasa sina la ziada, ila tutaendelea kupeana taarifa kadri zitakavyotufikia.  Tunaungana na familia yake, ndugu, jamaa na marafiki katika kipindi hiki kigumu cha majonzi na maombolezo, kumwomba Mungu aiweke roho ya marehemu mahala pema peponi, wakati taratibu za mazishi zinafanyika.  Bwana alitoa, nae ametwaa. Jina lake lihimidiwe. tunaweza kujikumbusha moja ya kazi zake kwa kufungua ' http://www.isaconsulting.biz /' email yake ilikuwa ' andrew.dachi@isaconsulting.biz '
Read more