Exiled tycoon's company fined $8.7 billion by Chinese court

A Chinese court levied a 60 billion yuan ($8.7 billion) fine against a company controlled by exiled tycoon Guo Wengui. The company was found guilty of forcing investors into a series of transactions between 2008 and 2014 that allowed Guo to gain control of a local brokerage firm. A Communist Party critic, Guo fled to the US in 2015.