Chinese exile Guo Wengui ordered to pay US$134 million in US yacht case

Source: China – South China Morning PostA US judge found Guo Wengui in contempt and ordered him to pay US$134 million to a creditor, ruling the exiled Chinese businessman moved a yacht out of US waters to shield it from debt collection.Judge Barry Ostrager of New York state court found that Guo “exercised dominion and control” over the yacht, the Lady May, and had arranged for it to leave New York waters despite an earlier court order requiring it to remain in the jurisdiction.The yacht made its way to the Bahamas.The Lady May made…Read More

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