Exiled Chinese businessman Guo Wengui files for bankruptcy

New York, Feb. 18 — : Exiled Chinese businessman Guo Wengui filed for bankruptcy protection after a New York judge ordered him to pay USD 134 million in fines for moving a yacht out of the reach of an unpaid lender. Jeremy Hill, writing in The Sydney Morning Herald (SMH) said that Judge Barry Ostrager of New York state court found that Guo “exercised dominion and control” over the yacht 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…