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

[RealDude]

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 Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China.

China sentences tycoon Xiao Jianhua to 13 years, fines his company $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 Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China.

www.reuters.com

 

[hernanday]

At least China arrests its scammers, if he was in Canada, he could fake his death in India like Gerry Colten and keep the stolen money.

 

[NicolasMaduro]

Naive to believe you are safe from Mainland China in Hong Kong lol

 

[GeneralGogol]

There is a reason wealth Chinese' highest priorities are: 1. getting foreign passport 2. smuggling their money and kids out of China.
Same for Russia.

Lots of money to be made but you may be murdered or "disappeared" at any second if your political patron gets out of favor, or arrested, or disappeared himself.

Similar to what happened to Desmond Shum's wife. At least he was smart enough to escape to the West with a few hundred million $...

At least China arrests its scammers, if he was in Canada, he could fake his death in India like Gerry Colten and keep the stolen money.

In China anybody that gets too wealth is suddenly a "criminal" that needs to be punished. Is Jack Ma also a scammer? Give me a break.

People here love worshiping China from the West, but would rather chop off their left testicle than having to live or bank in the hellish techno-dictatorship AKA China.

 

[Samman Kaseeb Sleiman]

Unless a critic of China can list 5 great things about the country, his critisism is a biased, ignorant piece of shhiiit.

 

[Donsted]

There is a reason wealth Chinese' highest priorities are: 1. getting foreign passport 2. smuggling their money and kids out of China.
Same for Russia.

Lots of money to be made but you may be murdered or "disappeared" at any second if your political patron gets out of favor, or arrested, or disappeared himself

This kind of story happens in
every country, not specifically in Russia and China. You just don't know because no newspaper mentions them

 

[JohnLocke]

It's more rare in Europe to hear about such stories and I believe it for obvious reasons happens more in countries like Russia & China.