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The Independent UK
The Independent UK
National
Larry Neumeister

Prosecutors urge no bail for Chinese man in $1B fraud case

Copyright 2021 The Associated Press. All rights reserved

A judge should reject bail for a wealthy self-exiled Chinese businessman charged in a $1 billion fraud case because he’s already trying to obstruct justice from jail, and can flee or do harm if he is freed, no matter how stringent his bail conditions, prosecutors said Monday.

The government submitted a letter in advance of a bail hearing Tuesday for Guo Wengui, saying he has access to tens of millions of dollars to help him flee the United States despite claims that he is unemployed, in bankruptcy proceedings and nearly broke.

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