Billionaire Xiao Jianhua jailed for 13 years in China

Business LIFESTYLE


Xiao and his firm were found guilty of “illegally absorbing public deposits, breaching trust in the use of entrusted property… [and] illegal use of funds,” a statement from the Shanghai court quoted by AFP said. It also said Tomorrow Holdings was guilty of the “crime of bribery”.

https://www.bbc.co.uk/news/world-asia-china-62605879?at_medium=RSS&at_campaign=KARANGA,

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