Billionaire Brothers Under House Arrest in China for Suspected Financial Crimes

Billionaire Brothers Under House Arrest in China for Suspected Financial Crimes
Police patrol outside the Intermediate People's Court in Jinan City, Shandong Province, China, on Aug. 26, 2013. Mark Ralston/AFP/Getty Images
Kathleen Li
Ellen Wan
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Paul Xiaoming Lee, (Li Xiaoming) the richest man in China’s Yunnan province, and a U.S. citizen, and his younger brother Li Xiaohua, reportedly a U.S. green card holder, are currently under residential surveillance by police in China.

The path to wealth of the super-rich brothers is attracting a great deal of attention. Moreover, over the past few years, the Li brothers have cashed out more than 10 billion yuan (about $1.4 billion) from their company, a sign they may have planned to flee the country.

Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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