Tycoon once China's richest man jailed for graft
Huang Guangyu
Authorities seized another 200 million yuan in assets from Huang  once known as the "Price Butcher" for GOME's low prices.
 Huang  in his 40s  was named China's richest man in October 2008 with an estimated net worth of 6.3 billion dollars by the Hurun Report magazine.
 He was detained and placed under investigation a month later  and resigned as GOME director and chairman in January 2009. He was held for more than a year without charge  and tried in April in a Beijing court.
 He stood accused of bribing five government officials with 4.56 million yuan in cash and properties from 2006 to 2008  Xinhua reported previously.
 The bribes were offered in exchange for "improper benefits" for Huang's GOME Electrical Appliances Holdings and Beijing Pengrun Real Estate Development Company  a private equity group which Huang headed  the reports said.
 Before his arrest  Huang was revered in the media as a model entrepreneur who rose from nothing by successfully capitalising on China's decades of economic reforms.
Authorities seized another 200 million yuan in assets from Huang  once known as the "Price Butcher" for GOME's low prices.
 Huang  in his 40s  was named China's richest man in October 2008 with an estimated net worth of 6.3 billion dollars by the Hurun Report magazine.
 He was detained and placed under investigation a month later  and resigned as GOME director and chairman in January 2009. He was held for more than a year without charge  and tried in April in a Beijing court.
 He stood accused of bribing five government officials with 4.56 million yuan in cash and properties from 2006 to 2008  Xinhua reported previously.
 The bribes were offered in exchange for "improper benefits" for [TGT]'s GOME Electrical Appliances Holdings and Beijing Pengrun Real Estate Development Company  a private equity group which [TGT] headed  the reports said.
 Before his arrest  [TGT] was revered in the media as a model entrepreneur who rose from nothing by successfully capitalising on China's decades of economic reforms.