Chinese tycoon sentenced to 18 years in prison – The Manila Times



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BEIJING: A Chinese tycoon who called President Xi Jinping a clown and criticized his handling of the coronavirus outbreak was jailed for 18 years on Tuesday for corruption, bribery and embezzlement of public funds.

Beijing: This photo taken on November 18, 2013 shows Ren Zhiqiang, former chairman of state-owned property developer Huayuan Group, speaking at the China Public Welfare Forum in Beijing. A Chinese tycoon who called President Xi Jinping a clown and criticized his handling of the coronavirus outbreak was jailed for 18 years on September 22, 2020 for corruption, bribery and misuse of public funds. AFP PHOTO

Ren Zhiqiang, who was once in the inner circle of the ruling Communist Party, disappeared from the public eye in March, shortly after writing an essay criticizing Xi’s response to the pandemic.

His outspokenness had earned the former president of state-owned property developer Huayuan Group the nickname “Big Cannon.”

Tuesday’s verdict said Ren embezzled nearly 50 million yuan ($ 7.4 million) of public funds and accepted bribes worth 1.25 million yuan, according to a statement from the Beijing No. 2 Intermediate People’s Court.

He said the 69-year-old man “willingly and sincerely confessed to all his crimes” and would not appeal the court’s decision. He was also fined 4.2 million yuan ($ 620,000).

Rights activists accuse Xi and the Communist Party of using corruption accusations to silence dissent. Beijing has stepped up its crackdown on civil society since Xi took office in 2012, tightening restrictions on freedom of expression and detaining hundreds of activists and lawyers.

Tuesday’s verdict claimed that Ren also “abused his power” in his role at Huayuan Group, resulting in more than 116 million yuan in losses to the state holding company and more than 53 million yuan in property losses for the group.

The Communist Party’s disciplinary watchdog launched an investigation into Ren in April, and the trial was opened in a Beijing court on September 11 with a handful of supporters outside and a heavy police presence.

One supporter told Agence France-Presse that they backed Ren because he “dares to tell the truth.” Ren’s essay, from earlier this year, was removed from China’s internet, which regularly censors content that defies authorities, but was shared online outside of China.

“This epidemic has revealed the fact that the Party and government officials are only concerned with protecting their own interests, and the monarch is only concerned with protecting his interests and central position,” Ren wrote, without naming Xi.

“Standing there was not an emperor showing his new clothes, but a stripped-down clown who insisted on being emperor,” he wrote.

Ren’s influential blog on the Twitter-like Weibo platform drew millions of followers before authorities shut down his account in 2016 after he repeatedly called for greater freedom of the press.



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