Troubled business people of the year
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6. Chen Fashu, chairman of Xinhuadu Recommendation: |
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Chen Fashu, chairman of Fujian-based Xinhuadu Groupis facing questions after media found a charity foundation he set up with a promised donation of 8.3 billion yuan (US$1.22 billion) is worth only 160 million yuan.
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7. Li Tuchun, founder of Taizinai Recommendation: |
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Li Tuchun, founder of leading Chinese dairy beverage producer "Taizinai" or "Prince Dairy", was arrested for illegally collecting public funds.
Related readings: • Taizinai owes foreign and domestic firms |
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8. Gary Wang, CEO of Tudou.com Recommendation: |
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The former wife of Tudou founder and CEO, Gary Wang, recently filed a lawsuit with Shanghai Xuhui District People's Court to claim her right to a stake in the firm, which may pose a potential risk to the website's IPO on NASDAQ.
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9. Chen Jinghe, chairman of Zijin Recommendation: |
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Chen Jinghe, chaiman of China's leading gold producer Zijin Mining Co., grappled with the water pollution scandle in which his company got involved and received punishment decisions from Fujian provincial authorities, including a fine of 9.56 million yuan (about 1.43 million U.S. dollars) Related readings: • Zijin execs fined for toxic spill • Zijin fined US$1.43 mln for water contamination • Zijin Group admits vain attempt to bribe Company profile: Zijin |
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10. Ren Zhiqiang, CEO of Huayuan Recommendation: |
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Ren Zhiqiang is the CEO of real-estate property development company Beijing Huayuan Group and is popularly hated for his many comments that are unsympathetic to the many people who are unhappy and unable to afford the soaring real estate prices in China. Related readings:
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