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Fridge magnate Gu stuck in jail

GU CHUJUN, the former chairman of Chinese manufacturer Guangdong Kelon Electrical Holdings, has been sentenced to ten years in jail and fined US $940,000.
On January 29, Gu Chujun was found guilty of falsely registering the capital of Greencool Enterprise Development Company, which he set up in 2001;
publishing falsified financial reports for Kelon; and embezzling with others US$43.5m from Kelon and two other companies.

Mr Gu founded refrigerator company Greencool in the early 1990s and acquired Kelon, China's biggest refrigerator-maker at the time, in late 2001.

Mr Gu was behind the introduction of Greencool refrigerants to the UK in the early 1990s through his Southampton-based company Gu Thermo Tachnology. He was detained at the end of July 2005.

Reports in the China Review said his lawyer would appeal the verdict. Seven others involved in the crimes received sentences ranging from one to four years.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Aspen Pumps Group team takes on toughest race in the world

The Dakar Classic, known as the toughest motor race in the world, starts on New Year’s Eve 2022 and ends a gruelling, sun-drenched, sweat-soaked, sandblasted fortnight later. Itching to take part are brothers Pete and Chris Schey who, at 58 and 61 ...

  07-Dec-2022

Water Chillers - Maximum Efficiency and Minimal Energy Costs

Following the recent exuberant increase of energy costs, we take this opportunity to emphasise the importance of servicing your industrial chillers regularly.
  07-Dec-2022
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