Caixin
Oct 22, 2012 01:11 PM

Below-Belt Blows in Kungfu Restaurant Battle

 
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(Beijing) -- The crestfallen former chairman of fast-food restaurant giant Kungfu Catering Management Co. Ltd. is awaiting a verdict after a trial on corporate embezzlement charges apparently instigated by his former business partner's wife.

If Cai Dabiao is found guilty in Guangzhou's Tianhe District Court, where his trial August 31 and September 30 followed more than 500 days of police detention, he'll be stripped of stakes in a successful company he co-founded with Pan Yuhai in 2004.

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