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HomeMongolia NewsAbducted Canadian billionaire Xiao Jianhua faces trial in Shanghai court

Abducted Canadian billionaire Xiao Jianhua faces trial in Shanghai court

Missing tycoon Xiao Jianhua was scheduled to face a Shanghai courtroom on Monday, more than five years after the billionaire financier was snatched from a Hong Kong hotel by Chinese security guards.

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.

He is expected to face charges related to graft after his Tomorrow Group collapsed following a debt-fuelled acquisition binge by a group of expansive Chinese conglomerates.

Canada’s embassy in Beijing said that it was aware that Xiao’s trial would take place on Monday but did not elaborate on the details of the case because of “privacy considerations”.

“Canadian consular officials are monitoring this case closely, providing consular services to his family and continue to press for consular access,” it said.

Xiao’s abduction from Hong Kong’s…

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