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Tag: billionaire

Vietnamese billionaire sentenced to death for $44bn fraud | BBC News

A Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks over a period of 11 years. Truong My Lan was convicted for taking out $44bn (£35bn) in loans from the Saigon Commercial Bank. Prosecutors said $27bn may never be recovered. Authorities said 2,700 people were summoned to testify, while 10 state prosecutors and around 200 lawyers were…

Missing Chinese billionaire Bao Fan ‘assisting authorities’ – BBC News

High-profile tech banker Bao Fan, who was reported missing 11 days ago, is cooperating with Chinese authorities, his bank has said. The Chinese billionaire, who is the founder and chief executive of China Renaissance Holdings, is “cooperating in an investigation”, the bank said in a statement.  The announcement is the first time China Renaissance has given a reason for the disappearance of its founder – but…

Billionaire banker Bao Fan reported missing in China – BBC News

Bao Fan, a high-profile Chinese billionaire, has been reported missing. Investment bank China Renaissance reported his disappearance, announcing it had been unable to contact its founder. Shares in the company plunged on Friday after the announcement. In recent years, a number of high profile executives have disappeared in China, and Mr Fan’s disappearance has renewed concerns of a potential crackdown by the Chinese government on…

Indian Billionaire Gautam Adani’s fortunes crash | Al Jazeera Newsfeed

The crisis surrounding Indian tycoon Gautam Adani’s embattled empire is continuing to deepen, with market losses topping $100bn after a US short seller accused it of pulling ‘the largest con in corporate history’. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News

Who is America’s newest billionaire?

There’s a billion dollar mystery in the small town of Lebanon, Maine, where the sole winning ticket of the $1.35 billion MegaMillion jackpot was sold. The winning ticket matched all six numbers, making them the second largest Mega Millions winner in U.S. history and possibly one of the richest people in all of the state. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC…

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