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CHINA / Regional |
Shanghai sentences property tycoon 16 years in jail(Xinhua)
Updated: 2008-01-21 13:10 SHANGHAI - Former Shanghai property tycoon Zhou Zhengyi was sentenced to 16 years in jail Monday in a final ruling of the Shanghai Municipal Higher People's Court. Zhou was found guilty on five charges that included misappropriation of funds, bribery and forging value-added tax (VAT) receipts in the first trial by a lower local court. He appealed against the verdict to the Higher People's Court in December. |
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