Top 10 disgraced Chinese tycoons
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Zhang Hai
Zhang Hai, former president of Jianlibao, once China's leading beverage maker, was detained by police on suspicion of embezzlement and misappropriation of public funds in 2005. Zhang helped Jianlibao to diversify its operations and conduct a series of equity investments, but a halt in raw materials supplies brought production almost to a standstill in mid-2004. Zhang was removed from his post of president and CEO the same year. He had personal assets of 1 billion yuan ($150 million).
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