DUBAI / WAM The UAE has launched the official logo and theme of the 28th ...
Read More »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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