Billionaire Xiao Jianhua jailed for 13 years in China
Chinese-Canadian tycoon Xiao Jianhua disappeared from a luxury hotel in Hong Kong in 2017. …
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”.
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