INSANE: Tomorrow group | Rare Historical Photos

China jails 'disappeared' tycoon for 13 years

Xiao Jianhua, a Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to 13 years in prison on Friday, and his company fined $8 billion, after he pleaded guilty to bribery and other crimes that authorities said had “seriously jeopardised” the country’s financial security.

Bangkok Post · Aug 19, 2022