Ren Zhiqiang: Outspoken ex-real estate tycoon gets 18 years jail

Sun Online Desk

23rd September, 2020 09:22:11 printer

Ren Zhiqiang: Outspoken ex-real estate tycoon gets 18 years jail

Ren Zhiqiang went missing in March this year after an essay about China's handling of the virus

 

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.

 


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