Guo Wengui’s associates go to (live-streamed!) trial - China’s latest political and current affairs news - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

Guo Wengui’s associates go to (live-streamed!) trial – China’s latest political and current affairs news


The Financial Times reports (paywall) that three of exiled billionaire Guo Wengui’s 郭文贵 former colleagues at the Beijing Pangu Investment Company went on trial in the northeastern port city of Dalian on June 9. Reflecting the high profile of the case, authorities released dozens of live video clips and transcript pieces (in Chinese) from the trial on the social media platform Weibo — only two high-profile corruption cases had ever been covered live before, FT notes: those of former Chongqing mayor Bo Xilai 薄熙来 and a former national economic planner, Liu Tienan 刘铁男.

The South China Morning Post says, “At issue is a 3.2 billion yuan loan ($470 million) that Pangu secured from the Agricultural Bank of China between 2009 and 2010.” The loan was “ostensibly to be used to fund interior finishing work at Pangu Plaza,” Guo’s unmissable dragon-shaped building overlooking the Olympic Park in Beijing, but prosecutors argued that the invoice was faked and the money was misused.

These are far from the only accusations brought against Guo in retaliation for his outspoken criticism of top Chinese government officials, which markedly heated up earlier this year. In April, China launched an “unusually sophisticated publicity war” against Guo, which included an accusation of 60 million yuan ($8.7 million) in bribes and the securing of an international “red notice” for Guo’s arrest from the international police organization Interpol. Most recently, Australian resident Yuge Bromley is “exploring a potential defamation lawsuit” against Guo for his claim that she is the illegitimate daughter of Wang Qishan, the Communist Party’s top anti-graft official, according to the South China Morning Post.


Share
Lucas Niewenhuis

Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.