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August 21, 2022
Chinese Canadian Billionaire Sentenced to 13 Years for Financial Crimes
Y! News HONG KONG — Xiao Jianhua, a Chinese Canadian billionaire and onetime trusted financier to China’s ruling elite, was sentenced to 13 years in prison Friday, and his company fined $8 billion, after he pleaded guilty to bribery and other crimes that authorities said had “seriously jeopardized” the country’s financial security.
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