Xu Jiayin reportedly confessed to illicit financial dealings with a large number of high-ranking officials. They should be nervous, say China watchers.
Billionaire arrested after shady asset transfers and filing for bankruptcy protection.
A purge of political rivals may have been behind the collapse of real estate giant Evergrande, experts say.
Xu Jiayin reportedly confessed to illicit financial dealings with a large number of high-ranking officials. They should be nervous, say China watchers.
Billionaire arrested after shady asset transfers and filing for bankruptcy protection.
A purge of political rivals may have been behind the collapse of real estate giant Evergrande, experts say.