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Chinese billionaires
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China’s ‘Fake Divorces’: Wealthy Couples’ Stock Transfers Draw Regulatory Attention
Most of these divorces are intended to cash out stock holdings, allowing these billionaire couples to avoid certain risks or audits, academic says.
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The Imprisoned Chinese Billionaires
In the early morning of Nov. 11, 2020, the police arrested a total of 28 executives of Dawu Group and its subsidiaries. Nearly all family members—his wife, two sons, and two daughters-in-law—were arrested. The group’s 28 subsidiaries were officially taken over, and almost all of the company’s assets were frozen.
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China’s ‘Fake Divorces’: Wealthy Couples’ Stock Transfers Draw Regulatory Attention
Most of these divorces are intended to cash out stock holdings, allowing these billionaire couples to avoid certain risks or audits, academic says.
|
The Imprisoned Chinese Billionaires
In the early morning of Nov. 11, 2020, the police arrested a total of 28 executives of Dawu Group and its subsidiaries. Nearly all family members—his wife, two sons, and two daughters-in-law—were arrested. The group’s 28 subsidiaries were officially taken over, and almost all of the company’s assets were frozen.
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