Federal authorities are investigating the money trail left by Chinese billionaire Huang Xiangmo, who broke his silence on Wednesday and raised the spectre of local government corruption. He also confirmed that $11 million was funnelled from one of his own property deals.
The Australian Financial Review has been told law enforcement bodies and intelligence agencies are investigating Mr Huang's business activities with a view to taking further action against the property developer and his associates.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
Edmund Tadros leads our coverage of the professional services sector. He is based in our Sydney newsroom. Connect with Edmund on Twitter. Email Edmund at edmundtadros@afr.com.au
Neil Chenoweth was a senior writer for The Australian Financial Review
