China's exiled tycoon Guo 'fabricated' corruption claims: Xinhua

China's exiled tycoon Guo 'fabricated' corruption claims: XinhuaChina’s Xinhua news agency accused fugitive tycoon Guo Wengui of using “fabricated and distorted information to mislead the public”, the latest salvo in a campaign to discredit the billionaire who has made accusations of Communist Party corruption. Central to Guo’s claims over recent months has been that a man named Yao Qing used his status as a nephew of a senior Communist Party official to amass a business empire worth tens of billions of dollars. In an online video stream last month, Guo produced a corporate tree diagram which he said showed companies linked to Yao, including GI Technologies (Beijing) Co. Xinhua interviewed Yao, who is listed in corporate records as general manager of GI Technologies.

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