Thursday, August 21, 2014   

Sichuan Hanlong former chief Liu Han charged with murder and organized crime ties
(02-20 19:20)

Authorities have accused a tycoon and his associates of running one of China’s biggest mafia gangs in recent years whose takedown has exposed ties between organized crime, police and officials.
Xinhua said today the high-level prosecution centers on Liu Han, the former multimillionaire chairman of energy conglomerate Sichuan Hanlong Group, and his brother, Liu Wei.
Sichuan Hanlong made a failed bid for Australia’s Sundance Resources last year.
Xinhua says the brothers have been charged with 15 crimes including murder, assault and illegal detention. The gang they allegedly ran amassed 40 billion yuan in assets with businesses in energy, real estate and mining.
The bust appears to be part of a sprawling shakeup of Sichuan province that has ensnared senior politicians and influential businessmen, some of whom are believed linked to China's former security czar.—AP
   
Other Business breaking news:
China manufacturing growth eases in August: HSBC (34 mins ago)
Hang Seng dips at midday (1 hr 42 mins ago)
Nikkei up by break (08-21 11:07)
Nikkei higher at open (08-21 10:21)
Hong Kong stocks open lower (08-21 10:20)
Volvo Car reports return to profit on China sales (08-20 18:14)
Hang Seng finishes higher (08-20 16:28)
Nikkei closes flat (08-20 15:51)
StanChart fined over laundering controls (08-20 14:19)
Nikkei ends flat (08-20 14:18)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.