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Huang Guangyu May Face 1 Billion Yuan Fine Plus Jail, Daily Says

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May 18 (Bloomberg) -- Huang Guangyu, founder of Gome Electrical Appliances Holdings Ltd., may face a fine of about 1 billion yuan ($146 million), the Beijing Daily reported today, citing an unidentified lawyer.

Huang was charged with bribery, insider trading and illegal operations and is scheduled to be sentenced today, the newspaper said. Huang could be given prison time of as much as 20 years if found guilty on all three charges, according to the report.

Link to Company News:{493 HK <Equity> CN <GO>} Link to Company News:{PRCH CH <Equity> CN <GO>}

To contact the reporter on this story: Jian Guo Jiang in Shanghai at jjiang@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net

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