A Shanghai real estate tycoon, who was once one of China's richest men, was sentenced yesterday to 16 years in prison following a trial for bribery, tax receipt forgery and embezzlement, state media reported.
Zhou Zhengyi (
Xinhua news agency reported Zhou's 16-year sentence after a closed hearing yesterday, citing unnamed sources at the Shanghai No. 2 Intermediate People's Court.
Financial magazine Caijing said Zhou also was fined 3.35 million yuan (US$453,000).
Zhou's trial was held a little over a month ago.
Zhou's lawyer, Ma Shuning, had switched off his mobile phone and could not immediately be reached for comment.
Zhou, also known as Chau Ching-ngai, started out as a noodle vendor but eventually amassed a fortune estimated by Forbes magazine in 2002 at US$320 million. He is believed to have since lost much of his wealth.
Zhou's wife, Mo Yuk-ping (
Four of Zhou's former jailers were sentenced to prison for taking bribes from the tycoon in exchange for giving him access to a phone, extra visits from friends and family, and other special treatment during his earlier incarceration. The former director of the prison received 11 years and the others each got two years.
Zhou's re-arrest came as investigators were wrapping up the wider probe into alleged bribery and other abuses connected to the misuse of city pension funds.
CONDITIONS: The Russian president said a deal that was scuppered by ‘elites’ in the US and Europe should be revived, as Ukraine was generally satisfied with it Russian President Vladimir Putin yesterday said that he was ready for talks with Ukraine, after having previously rebuffed the idea of negotiations while Kyiv’s offensive into the Kursk region was ongoing. Ukraine last month launched a cross-border incursion into Russia’s Kursk region, sending thousands of troops across the border and seizing several villages. Putin said shortly after there could be no talk of negotiations. Speaking at a question and answer session at Russia’s Eastern Economic Forum in Vladivostok, Putin said that Russia was ready for talks, but on the basis of an aborted deal between Moscow’s and Kyiv’s negotiators reached in Istanbul, Turkey,
In months, Lo Yuet-ping would bid farewell to a centuries-old village he has called home in Hong Kong for more than seven decades. The Cha Kwo Ling village in east Kowloon is filled with small houses built from metal sheets and stones, as well as old granite buildings, contrasting sharply with the high-rise structures that dominate much of the Asian financial hub. Lo, 72, has spent his entire life here and is among an estimated 860 households required to move under a government redevelopment plan. He said he would miss the rich history, unique culture and warm interpersonal kindness that defined life in
AERIAL INCURSIONS: The incidents are a reminder that Russia’s aggressive actions go beyond Ukraine’s borders, Ukrainian Minister of Foreign Affairs Andrii Sybiha said Two NATO members on Sunday said that Russian drones violated their airspace, as one reportedly flew into Romania during nighttime attacks on neighboring Ukraine, while another crashed in eastern Latvia the previous day. A drone entered Romanian territory early on Sunday as Moscow struck “civilian targets and port infrastructure” across the Danube in Ukraine, the Romanian Ministry of National Defense said. It added that Bucharest had deployed F-16 warplanes to monitor its airspace and issued text alerts to residents of two eastern regions. It also said investigations were underway of a potential “impact zone” in an uninhabited area along the Romanian-Ukrainian border. There
A French woman whose husband has admitted to enlisting dozens of strangers to rape her while she was drugged on Thursday told his trial that police had saved her life by uncovering the crimes. “The police saved my life by investigating Mister Pelicot’s computer,” Gisele Pelicot told the court in the southern city of Avignon, referring to her husband — one of 51 of her alleged abusers on trial — by only his surname. Speaking for the first time since the extraordinary trial began on Monday, Gisele Pelicot, now 71, revealed her emotion in almost 90 minutes of testimony, recounting her mysterious
RSS