cup cake prison

 

do they have cup cake prisons in china ....after all its  the most corrupt  country on the planet  .......america has them  for the  rich  ...i am sure  china  being corrupt .......has to look after the rich  ....look at american rich criminals they get  all the trimmings pf  rich crime .........and  do they  get blood farts in china .......you  know  .asses  torn up  or  is that  just american  jails ........where they dispnes  blood farts ...........


Billionaire Xiao Jianhua jailed for 13 years in China

In this article:
  • Xiao Jianhua
    Chinese businessman

A Chinese-Canadian billionaire has been sentenced to 13 years in prison in China and his company fined more than $8bn (£6.7bn).

Xiao Jianhua and his company Tomorrow Holdings were charged with embezzlement and bribery, a court in Shanghai said.

Xiao - one of China's richest people - was last seen being whisked away from a luxury hotel in Hong Kong in 2017.

There had been no official word from him since, until the Canadian embassy said in July he would be facing trial.

The trial was said to have started on 4 July.

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".

- ADVERTISEMENT -

It added that Xiao and his firm had "severely violated the financial management order" and "hurt state financial security".

The court said Xiao and his company had pleaded guilty and had cooperated with authorities and so their punishment was mitigated.

In July, the Canadian embassy said its diplomats had been denied access to the trial.

Asked on Friday about Xiao's right to access Canadian consular services as a Canadian citizen, China's foreign ministry said China did not recognise dual citizenship and so Xiao was not entitled to such rights.

Xiao reportedly had close connections to the upper echelons of the ruling Communist Party, including to President Xi Jinping's family.

By 2016, his net worth had grown to an estimated $6bn (£4.7bn) according to Hurun Report, a ranking of China's wealthiest people.

What happened to Xiao Jianhua?

In 2017, Xiao was whisked away from the Four Seasons Hotel in Hong Kong, where he was understood to have been living at the time.

His family filed a missing person's report with Hong Kong authorities after he disappeared, but withdrew it a day later, saying they had "regained contact" with Xiao.




Comments

Popular posts from this blog

geez there is a shocker

michael guist of swamp people dies....

well middle of the road