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Anbang’s Wu accused of $10.4bn fraud as trial begins

Bloomberg A Shanghai court accused former Anbang Insurance Group Co. Chairman Wu Xiaohui of masterminding a 65.2 billion yuan ($10.4 billion) fraud, using unauthorised sales of investment-type policies to prop up the acquisitive company’s capital. The charges in court statements, which offer an unprecedented glimpse into Anbang’s inner workings, allege wrongdoing going as far back as 2007. Wu ordered up ...

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Trump urges pressure against N Korea after Kim’s China trip

Bloomberg US President Donald Trump called for continued pressure against Kim Jong Un, after China said the North Korean leader expressed an openness to disarmament talks during a surprise visit to Beijing. Trump struck an optimistic tone after the unexpected summit with Chinese President Xi Jinping, saying in a pair of early morning tweets on Wednesday that Kim might “do ...

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Trump aide in touch with ex-Russian spy before vote

Reuters A month before the 2016 presidential election, a campaign aide to Donald Trump directly communicated with a man he knew was a onetime Russian spy, according to a court filing by Special Counsel Robert Mueller. Rick Gates, the campaign aide, told an attorney for a US law firm that a Russian national they worked with in Ukraine was a ...

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