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Rich Chinese billionaire Xi Jinping faces 18 years in prison
Date Sep 22, 2020 at 5:00 PM.
Godfather of property Celebrities who criticized Xi are sentenced to 18 years in prison for corruption.
Middle People’s Court in Beijing, China Sentenced to prison Ren Zhqiang The real estate billionaire, known for criticizing President Xi Jinping for 18 years, and fined 4.2 million yuan for corruption, embezzlement and bribery.
Court documents show that between 2003 and 2007, more than 49.74 million yuan of public funds embezzled during 2003-2007, and at the same time received more than 1.25 million yuan in bribes, they embezzled 61.20 million yuan in public funds. Including abuse of power as a civil servant until state-owned enterprises lost 116.7 million yuan of revenue to exceed 19.41 million yuan.
After the court ruling Ren declared that he would not appeal the sentence.
The billionaire is the son of a former Vice Minister of Commerce and a member of the Communist Party. In addition to having good relations with the elite of the Communist Party
Ren repeatedly wrote harsh criticisms of President Xi Jinping. More recently, he criticized Xi Jinping’s response to the coronavirus outbreak. That was censored online in China but is widely shared outside of China.
Later in March, shortly after the article was published. The Communist Party Disciplinary Committee arrested Wen at a relative’s home in Beijing. He was detained in a prison in Mangshan city in Henan province for about four months and opened a court hearing on September 11.
Diplomatic sources said Diplomats from Australia, the EU, Japan and the United States were unable to attend the hearing.
A lawyer in Beijing who specializes in corruption cases said: The billionaire’s prosecution time is relatively fast compared to other corruption cases.
“It generally takes several years to complete a corruption investigation and start a court hearing. Some cases take four to five years, but their investigation is completed in six months. It is clear that things are going fast in his case, “said the lawyer.
Human rights activists often attack Xi Jinping and the Communist Party of corruption, accusing their opponents.
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