Chinas richest man disappears

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1. Guest10261
   

   Don't you read the news, cops took him. The fate of China's richest man, billionaire Huang Guangyu, was shrouded in mystery Monday, with local media reporting the well-known businessman is being held by police in connection with possible securities fraud. Billionaire businessman Guangyu is in many ways the physical embodiment of China's economic miracle of the last three decades. Starting out twenty-one years ago with just a single stall by a Beijing roadside, the entrepreneur from a humble background built one of China's biggest companies, home appliance retailer Gome Electrical Appliances Holdings Ltd. Along the way, Huang also amassed a personal fortune of as much as $6 billion US, making him China's richest individual. State-run Xinhua News said the entrepreneur is "under police investigation for stock market manipulation." Other reports say he is being questioned in relation to illegal trading in a Shanghai-listed medicine maker controlled by his brother.

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