The vital speculation of the Huang Guangyu the chairman of China’s largest electronics company has been charged with inside trading, offering bribes and running illegal operations.

The electronics trading which is the dominant economy producer to the country has been jerked with the revelation of the corruption charges against Huang Guangyu. Meanwhile, his case was sent to the Beijing Municipal Second Intermediate People’s Court for trial, and the people accused of being his accomplices have also been indicted, China News Service said.

The charges against Mr. Huang had long been expected. He has been in detention since November 2008, and Chinese officials subsequently took the uncommon step of publicly confirming that he was under investigation by the Ministry of Public Security.

He resigned as chairman of the electronics company, Gome, two months after his detention.

He has been held incommunicado, as its common in China during investigations, and could not be reached for comment.

Sunday marks the first day of the Lunar New Year holiday, with government and corporate offices closed across China and tens of millions of people going to their hometowns to celebrate.

The long-running scandal over Mr. Huang’s alleged activities has already tarnished the careers of a series of Chinese officials. Zhu Ying, the former deputy director of the Shanghai Municipal Public Security Bureau, was expelled from the municipal discipline inspection committee of the Communist Party last December. The committee issued a statement at the time saying, without providing details, that he had been stripped of his membership in connection with the investigation of Mr. Huang.

The investigation of Mr. Huang has also resulted in further reviews at the Ministry of Public Security of how the ministry’s economic crimes section had handled the affair, according to the state-run news agency Xinhua, which is larger than China News Service.

Before his arrest, Mr. Huang had been one of the wealthiest people in China, with Forbes magazine estimating his wealth then at $2.7 billion and the Hurun Report, which also keeps track of the wealth of Chinese business leaders, estimating that he was worth $6.3 billion.

With further reports to outcome it is analysed that the current scenario in the china’s electronics industry has been put up with a strong caution to avoid any slowdown in the business.