A Shanghai court has rejected an appeal by Anbang Insurance Group former chairman, Wu Xiaohui, against a conviction for fundraising fraud and embezzlement that led to an 18-year jail sentence and confiscation of CNY10.5bn ($1.52bn), reports Reuters.
If you are already a subscriber
OR sign-up for a trial access here
Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.
more »
Brought to you by