BEIJING (Reuters) – China's one-time richest man and the founder of a major retail chain was jailed for 14 years on Tuesday for bribery, insider trading and illegal business dealings, state media reported.

Huang Guangyu was also fined him 600 million yuan ($88 million) and he had another 200 million yuan worth of property confiscated, the official Xinhua News Agency said.
The brief story did not say whether others who had been charged in the case, including Huang's wife, had also been sentenced.
Huang, who made his fortune by founding and building up GOME Electrical Appliances Holdings Ltd, dubbed by local media as China's Best Buy, was detained in November 2008 during a police investigation of stock market manipulation allegations.
Huang, who is in his early 40s and had a net worth of $6.3 billion in 2008, was ranked first on Hurun's China Rich List for that year. But Huang built his fortune from humble beginnings, having been raised in a poor family in Guangdong province.