China Sentences Tycoon Xiao Jianhua To 13 Years And Fines His Company 8.1 Billion
Sign up now for FREE unlimited access to Reuters.com Register BEIJING, Aug 19 (Reuters) – A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, who has not appeared in public since 2017, to 13 years in prison and fined the group 55.03 billion yuan ($8.1 billion) Tomorrow Holdings. China. Xiao and Tomorrow Holdings were charged with illegally withdrawing public deposits, betraying the use of entrusted property, and illegal use of funds and bribery, the Shanghai First Intermediate Court said....