FTSE 100
Dow Jones

Saturday, 31 January 2009

Stories we missed: Fridge magnate jailed

A Chinese tycoon was today sentenced to 12 years in prison following his conviction for falsifying and withholding information and embezzlement.

Gu Chujun, former chairman of Chinese refrigerator maker Guangdong Kelon Electrical Holdings Co., was also fined $636,000.

Gu plans to appeal the sentence.

No comments: