Flower tycoon on trial for fraud

The trial of tycoon
Yang Bin for fraud took place in Shenyang in June. The three-day trial related to his property
and horticultural business, and included alleged falsification of documents, fraudulent
contractsillegal land use and bribery.
According to court sources Yang, who is a Dutch
citizen, allegedly took out at least Yn7OOm in fraudulent loans from several of China's
largest banks. He was also charged with ordering six of his employees to forge 305
receipts and negotiable notes worth Yn I .7hn that were used to get his Euro-Asia
Agricultural Group listed on the Hong Kong stock market in 2001.