Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video
Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video
Insurance

China’s Dajia hid ownership woes in Anbang Insurance group assets from early bidders as Mirae seeks to cancel US$5.8 billion deal

  • Dajia Insurance assumed most of Anbang Insurance’s assets after the fall of Wu Xiaohui, state capital injection
  • Before his jailing, Wu signed an agreement empowering four Delaware shell companies to sue on his behalf if Anbang’s hotels were expropriated by the government

Topic |   Insurance
Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video
Wu Xiaohui, former chief of Anbang Insurance, seen in this image taken from undated video footage on China's CCTV, during his March 2018 trial at the Shanghai No. 1 Intermediate People's Court. He was later jailed for 18 years. Photo: CCTV via AP Video
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