Chinese businessman Guo Wengui arrested in $1 billion fraud conspiracy.

1 min read
Source: Financial Times
TL;DR

Chinese businessman Guo Wengui, who has been living in exile in the US, has been arrested on charges of fraud. The charges relate to allegations that he lied to obtain a $40m loan from a US-based lender. Guo, who is a vocal critic of the Chinese government, has been accused of a range of crimes by Beijing, including bribery and rape, which he denies.

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