Gu Chujun

Gu Chujun (Chinese: 顾雏军) is a Chinese convicted criminal and former business executive and entrepreneur. He is a native of Yangzhou, Jiangsu Province.

He studied at Tianjin University and became the Chief Executive Officer of Greencool Holdings in Hong Kong and the Kelon Group.[1]

He acquired Hisense Kelon, Meiling Electrical Appliance, Jinnuoer, Qihuawa, Xiling, Yanxing Bus and Xiang Bearing.[2] In 2001, Forbes magazine ranked him as China's 20th richest man.[3]

As an outcome of the Lang–Gu dispute, in January 2008, Gu was sentenced to 10 years in prison and a fine of 6.8 million yuan after a conviction for falsifying corporate reports.[4] An appeal against the conviction was rejected in April 2009.[5] Hisense Kelon also won damages of 30.15 million yuan in a civil case against Gu.[6]

References

  1. ^ see China vitae and Guangdong Kelon Electrical Holdings Co. Ltd “Its former chairman Gu Chujun and six other senior executives were arrested in September” (2005) (china.com)
  2. ^ Qinglian He: China in der Globalisierungsfalle, Edition Hamburg 2006, p.64
  3. ^ Chung, Chien-Min (25 November 2008). "Why Not to Be the Richest Man in China". Time. Archived from the original on November 28, 2008. Retrieved 13 December 2009.
  4. ^ "China appliance tycoon to serve 10 years for fraud". Reuters. August 20, 2009. Retrieved 13 December 2009.
  5. ^ "Court Rejects Appeal Of Convicted Ex-Kelon Chief". www.caijing.com.cn. 10 April 2009. Retrieved 13 December 2009.
  6. ^ "Appliance maker wins court ruling". China Economic Net. 12 January 2009. Retrieved 13 December 2009.