A dragon-headed skyscraper in Beijing has been sold for £610 million in an online auction after being seized by the government from its fugitive owner.
Authorities confiscated the 44-storey Pangu No 5 tower in 2016 after Guo Wengui fled the country amid corruption investigations. Its sale yesterday on the auction site of Taobao, China’s answer to eBay, was far below its market value of £870 million.
A dragon-headed skyscraper in Beijing has been sold for £610 million in an online auction after being seized by the government from its fugitive owner.
Authorities confiscated the 44-storey Pangu No 5 tower in 2016 after Guo Wengui fled the country amid corruption investigations. Its sale yesterday on the auction site of Taobao, China’s answer to eBay, was far below its market value of £870 million.
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