Reported 12 months ago
Deceased stock market guru Huang Renzhong owes over 1.9 billion in taxes, leading to the auction of 27 land parcels under the name of guarantor Yang in Nangang with a combined base price of 680.4 million on July 2. However, all items went unsold, including a gold necklace, second-hand refrigerator, and a royal sofa sold for 600 yuan which was quickly bought by a bystander. The auction also featured items from a previously popular social networking site, technology company, and cute figurines. Huang's family, including his sister, owes a total of about 32.68 billion in taxes, with him holding the top position for 15 years on the list of the biggest tax debtors. His assets are now being auctioned off due to tax debts.
Source: YAHOO