Downfall of enigmatic dealmaker serves as a cautionary tale for China\u0027s business elite
The trial will be the first time that the 50-year-old Xiao, a Chinese-born Canadian citizen with connections to the top echelons of the political elite in Beijing, has appeared in public.
“Canadian consular officials are monitoring this case closely, providing consular services to his family and continue to press for consular access,” it said. The Financial Times reported in 2018 that since his detention Xiao had been in Shanghai assisting authorities as they pore over a complex network of assets and interests across his financial and investment conglomerate.
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