Econ and Finance - 23 Sep 2020

Ren Zhiqiang gets 18-year sentence

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On Tuesday, real estate tycoon Ren Zhiqiang was handed an 18-year prison sentence along with a fine of RMB 4.2 million.

The charges against Ren included bribery, embezzlement, and abuse of power.

Ren confessed to all charges and requested leniency. He will not appeal.

Some context: A ...


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