Court hears tax case

A Wenzhou businessman who once achieved notoriety for fabricating the takeover of a US bank was prosecuted in court Thursday for involvement in illegal activities.

In July 2012, Lin Chunping was arrested for falsifying invoices for value-added tax worth 520 million yuan ($84.7 million) in total. Wenzhou Intermediate People's Court in East China's Zhejiang Province has not yet pronounced a judgment.

Two years ago, Lin claimed to have successfully acquired a bank in Delaware, but his claim was confirmed as false by the Delaware government in March 2012.