Caixin OnlinePolitics & LawTop Stories Politics Executed Businessman's Assets Sold for a Bargain, Lawyer Says
07.16.2013 16:52

Executed Businessman's Assets Sold for a Bargain, Lawyer Says

Zeng Chengjie's 4 billion yuan company said to go to state-owned company for a mere 380 million yuan
By staff reporter Ren Zhongyuan
A

Zeng Chengjie's son, Zeng Xian, pick up his father's ashes from a funeral home in Changsha on July 15


(Beijing) – The lawyer for a Hunan businessman who was recently executed without his family being notified has accused a local government of selling the man's assets to a state-owned company for a bargain.

Lawyer Wang Shaoguang said Zeng Chengjie's real estate developing company was officially appraised at 2.38 billion yuan in 2008 and was worth 4 billion yuan at current market value.

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