What is Going on at Anbang, as Former Chair is Prosecuted?

Posted on 04/03/2018


Wu Xiaohui, former chairman of China’s now government-controlled Anbang Insurance Group Co., has pled guilty and requested leniency from Shanghai’s No.1 Intermediate People’s Court for allegedly defrauding investors of some US$ 10.3 billion using forged financial records and corporate data to mislead the country’s insurance regulators and oversell its products to the public, crimes he […]