Ren Zhiqiang - formerly at state-controlled property developer Huayuan Real Estate Group
In April, the Beijing municipal anti-corruption watchdog said he was under investigation. He was sentenced to 18 years in prison in September of that same year for graft.Casino and resort development Landing International on Aug. 23, 2018 said it was unable to contact its chairman Yang Zhihui, sparking a more than 30% plunge in its shares. The disclosure came weeks after the firm's $1.5 billion casino project in the Philippines had been halted by authorities.
Anbang had pursued a string of high-profile foreign acquisitions worth over $30 billion under Wu, including its 2015 purchase of New York's landmark Waldorf Astoria hotel. Shares and bonds related to CEFC China Energy plunged on the news, which was first reported by Chinese magazine Caixin. His whereabouts have since not been disclosed although he has been named in graft trials of senior Communist Party officials andBillionaire Xiao was whisked away from a luxury Hong Kong hotel in a wheelchair on Jan. 27, 2017 with his head covered, a source told Reuters at the time.Xiao to 13 years in jail and the Tomorrow Holdings conglomerate a record high fine of 55.