Chairman of Anbang Insurance Group Wu Xiaohui attending the China Development Forum in Beijing on March 18, 2017. Photo: REUTERS

Anbang’s ex-chief on trial for fraud and embezzling US$12b as China cracks down on freewheelers

Anbang Group’s former chairman Wu Xiaohui contested all the charges against him that could carry a maximum sentence of life imprisonment

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Chairman of Anbang Insurance Group Wu Xiaohui attending the China Development Forum in Beijing on March 18, 2017. Photo: REUTERS
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