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New Delhi, May 18 (ANI): Chinese magnate, Huang Guangyu, once China's richest man, has been sentenced to 14 years in prison for illegal business dealings, insider trading and corporate bribery.He has also been slapped with a fine of 600 million yuan (88 million dollars), with another 200 million yuan worth of property being confiscated, the Xinhua News Agency reported.According to the China Daily, 41-year-old Huang was the owner and founder of Gome Electrical Appliances that became a corporate giant, and is now China's second largest home appliance retailer by market value.Huang was also a fixture on 'Hurun's China Rich List' having occupied the top spot from 2005-2008. (ANI)
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