Following the arrest of Hebei entrepreneur Sun Dawu and his family and the forced takeover of his business, Yang Zongyi, formerly the richest man in Nanjing, was accused Tuesday (November 17) of illegally absorbing funds from the public by his controlled company Fuxin, which was suspected of taking public deposits by taking high amounts of money as bait.
Yangzhou public security authorities filed a case against Fuxin in accordance with the law, and on November 17, they took criminal compulsory measures against Xia Weiguo and other suspects of Fuxin, and Yang Zongyi, the real controller, has been taken criminal compulsory measures by the public security authorities.
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