Outspoken ex-real estate tycoon gets 18 years jail

Release time:2020-09-22 Publisher:Lanka Voice

A former real estate tycoon and an outspoken critic of China's President Xi Jinping has been sentenced to 18 years in jail on charges of corruption.
A court in Beijing found Ren Zhiqiang "guilty of corruption, bribery and embezzlement of public funds", said state media outlet the Global Times.
He will also have to pay a fine of 4.2m yuan (£482,950;$620,000).
Ren went missing in March this year shortly after writing an essay said to be critical of President Xi.
Although it did not directly name President Xi, it was widely believed to be about him.
The Beijing No 2 Intermediate People's Court said Ren had accepted bribes worth 1.25m and embezzled almost 50m yuan.
He is said to have "voluntarily" confessed to all charges and will not appeal against the decision.
The former chairman of the Hua Yuan Property Company was not merely a business tycoon. The son of a ministry official, he was also known to have close ties with senior party leaders and was in a position from which his criticisms of the party would be particularly potent.
Rights groups have consistently accused China of using corruption charges as a way to clamp down on dissent.

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