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The Guardian - US
The Guardian - US
World
Martin Pengelly in New York and Amy Hawkins, senior China correspondent

Chinese business tycoon and Bannon ally Guo Wengui arrested in $1bn fraud conspiracy

United States Miles Guo Steve Bannon the Donald Trump Damian Williams Kin Ming Je FBI Luxury
Guo Wengui holds a news conference with Steve Bannon in New York, New York, on 20 November 2018.
Guo Wengui holds a news conference with Steve Bannon in New York, New York, on 20 November 2018. Photograph: Carlo Allegri/Reuters

Guo Wengui, a self-exiled Chinese tycoon with close links to prominent Trumpist Republicans including Steve Bannon, has been indicted on 12 counts relating to an alleged $1bn fraud.

The charges announced by the US attorney for the southern district of New York on Wednesday include wire fraud, securities fraud, bank fraud and money laundering.

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