Chinese Businessman Charged as ‘Gang Leader’ After $1 Billion Corruption Arrest

Chinese Businessman Charged as ‘Gang Leader’ After $1 Billion Corruption Arrest
Businessman Chen Hongzhi was recognized as an "outstanding entrepreneur" and appointed to a local legislature in Lüliang, Shanxi Province, before his arrest on July 24. He is accused of corruption and being a "gang leader." Famous Chinese Net
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Authorities in northern China’s Shanxi Province have charged one of the region’s wealthiest men with being a “gang leader,” according to local reports.
The accusation comes over a month after the July arrest of Chen Hongzhi, who provincial authorities had previously lauded for his achievements.
Nicole Hao
Nicole Hao
Author
Nicole Hao is a Washington-based reporter focused on China-related topics. Before joining the Epoch Media Group in July 2009, she worked as a global product manager for a railway business in Paris, France.