The Federal Court of Manhattan in the United States rejected the bail application of Guo Wengui, a wealthy Chinese businessman Guo Wengui on Thursday (April 20).
According to Reuters, Guo Wengui, who was wanted by the Chinese government and fled to the United States, was arrested in New York on March 15 this year for suspected fraud over $ 1 billion (Same as San $ 1.33 billion).Guo Wengui applied for bail, but the Federal Court of Manhattan in the United States rejected the $ 25 million bail support for him.
The judge Torris said the evidence provided by the prosecutor shows that Guo Wengui's risk of absconding has a great risk, and once it is released, it will constitute economic damage to the community.
Torris also said that Guo Wengui's deliberate obstruction in criminal and civil lawsuits made her have no reason to believe that Guo Wengui would abide by the bail conditions.
