By Fergus Ryan
Wang, 59, is also alleged to have embezzled public funds while serving as chairman of Shanghai Friendship Group and Lianhua Supermarket Holdings, according to a statement posted on the Shanghai Municipal People’s Prosecution Service website.
Wang Zhongnan, a former chairman of the Chinese owner of Australia’s Manassen Foods, is under investigation by Shanghai prosecutors on suspicion of taking bribes.
The state-owned foodmaker bought Manassen Foods in 2011 and also owns Mildura Fruit Company, one of nation’s biggest fruit exporters. Bright Foods is not implicated in the investigation.
Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.
Read more here: Business Spectator