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China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

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China Sentences Tycoon Xiao Jianhua to 13 Years, Fines His Company $8.1 Billion

He was charged with a financial crimes including illegal use of funds and bribery

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China Sentences Tycoon Xiao to 13 Years, Fines His Financial Services Group $8.1 Billion

A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow

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Shanghai court jails tycoon Xiao Jianhua for 13 years for financial crimes

Xiao is found guilty of seriously damaging the financial order and the integrity of government officials.

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China's 'Secret Financial Empire' Collapses in Leadup to the Vote for Next Communist Party Leader

Tomorrow Holdings, the most secretive conglomerate in China’s capital markets, is facing dismantlement by the country’s top financial .

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