China tycoon sues in US to recover $690 mln assets

Newswire

By Ben Blanchard SHANGHAI, Aug 20 (Reuters) - A disgraced entrepreneur who fled China after being accused of economic crimes is suing the government of Liaoning province to recover $690 million he says was illegally seized, his U.S.-based lawyer said on Wednesday. Yang Rong, the former chairman of vehicle maker Brilliance China Automotive Holdings Ltd and ranked by Forbes as China's third richest man in 2001, fled to the United States after authorities sought his arrest. He has now ...

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