Troubled tycoons: five men who flew too close to the sun
Tang Wanxin , president of bankrupt D'Long International Strategic Investment was sentenced to eight years in jail for illegal banking and stock price manipulation in 2006.
Gu Chujun , chairman of Guangdong Kelon Electrical Holdings, was arrested in 2005 for overstating revenue, falsifying registered capital and embezzling company money. A ruling is yet to be handed down in the case.
Zhang Rongkun , the former chairman of Fuxi Investment Holdings, was arrested for improper loans from Shanghai's pension fund last October. He was China's 16th richest man of 2005, according to Forbes.
Yang Bin , chairman of Euro-Asia Agriculture was sentenced to 18 years in jail in 2003 and fined 2.3 million yuan for forging documents and bank bills, and inflating statements about the company's paid-up capital. Forbes magazine ranked him as the mainland's second richest man in 2001 with 7.5 billion yuan of assets.Chau Ching-ngai,
chairman of the Nongkai Development Group, Shanghai Land Holdings and Shanghai Merchant Holdings, was sentenced to three years in jail in 2004 for manipulating share prices and falsifying registered capital reports. He was the mainland's 11th richest man in 2002 with 2.5 billion yuan in assets. He has since been rearrested and charged with giving bribes and falsifying tax invoices.
