Liuzhou Laowai

Random thoughts on life in Liuzhou, Guangxi, China

Liuzhou Calls Interpol



Way back in early June I wrote about the scandal looming over Liuzhou company, Liuzhou Zhengling Group Company Ltd (柳州正菱集团有限公司) and its chairman, 廖荣纳, allegedly Liuzhou’s richest man and one of the richest in China, who is suspected of raising billions of yuan illegally.

Now it seems that Mr Liao has fled the country, along with his wife, and the local authorities have called on Interpol to issue a Red Notice for his arrest. They have also requested that his wife be arrested.

“Xinhua said police found more than 1,500 loan contracts, involving about 3.2 billion yuan ($520 million), as part of its investigation. As many as 600 creditors have registered with local public security agencies, and more creditors are expected to emerge, the news agency said.”

. This entry was posted on Tuesday, August 12th, 2014 at 6:40 pm and is filed under Corruption, Crime and Punishment, Liuzhou News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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