The family of Australia’s favourite disgraced Chinese billionaire, Huang Xiangmo, has bought out a multimillion-dollar Sydney property stake linked to his sometime protege, Simon Zhou, the deputy mayor of Ryde Council.
Last year The Australian Financial Review revealed that Huang was sitting on a $135 million profit after winning development approval for Eastwood Plaza, which had been supported by Ryde Council.
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Neil Chenoweth is an investigative reporter for The Australian Financial Review. He is based in Sydney and has won multiple Walkley Awards. Connect with Neil on Twitter. Email Neil at nchenoweth@afr.com.au
